AB FJORDLAND AS: årsregnskap 2020 vs 2019
Shrank 57% on revenue, stronger earnings
approved 2021-06-18; registry 2021-07-15; journal 2021 494633
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB FJORDLAND AS. Revenue 12.42m NOK → 5.34m NOK (-57.0%). Net result -1.72m NOK → -884.9k NOK. Equity 16.14m NOK → 15.26m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB FJORDLAND AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -203.9k NOK → +472.7k NOK (op. margin -1.6% → 8.8%). Calculated
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Net result improved
Net result -1.72m NOK → -884.9k NOK (net margin -13.9% → -16.6%). Calculated
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Cash rose
Bank deposits 319.9k NOK → 567.4k NOK (+77.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.42m NOK to 5.34m NOK (-57.0% YoY). Calculated
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↓
Equity eroded
Book equity 16.14m NOK → 15.26m NOK (equity ratio 24.4% → 23.4%). Calculated
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Current ratio dropped below 1×
Current ratio 1.13× → 0.70× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 8.06m NOK → 8 055 NOK (-99.9% YoY). Calculated