Org.nr 923 630 538 2019 → 2020 Year-over-year analysis

AB ELEKTRO AS: årsregnskap 2020 vs 2019

Grew 1082% on revenue, returned to profit

approved 2022-06-30; registry 2022-07-27; journal 2022 803628

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AB ELEKTRO AS. Revenue 9 360 NOK → 110.6k NOK (+1082.0%). Net result -29.3k NOK → +91.0k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB ELEKTRO AS.

At a glance

Revenue

9 360 NOK 110.6k NOK

+1082.0%

Operating result

-29.3k NOK +106.8k NOK

+464.7%

Net result

-29.3k NOK +91.0k NOK

+410.7%

Cash

5 156 NOK 49.1k NOK

+853.1%

Total assets

5 156 NOK 111.9k NOK

+2071.0%

↑
Revenue rose

Operating income / revenue moved from 9 360 NOK to 110.6k NOK (+1082.0% YoY). Calculated
↑
Operating result improved

Operating result -29.3k NOK → +106.8k NOK (op. margin -312.8% → 96.5%). Calculated
↑
Turned profitable

Net result flipped from a loss of 29.3k NOK to a profit of 91.0k NOK. Calculated
↑
Cash rose

Bank deposits 5 156 NOK → 49.1k NOK (+853.1% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.52× → 4.33×. Calculated