AB-GARAGE AS: årsregnskap 2020 vs 2019
Grew 18% on revenue, returned to profit
approved 2021-05-05; registry 2021-10-02; journal 2021 842520
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB-GARAGE AS. Revenue 650.6k NOK → 766.6k NOK (+17.8%). Net result -85.5k NOK → +56.4k NOK. Equity 11 NOK → 133.7k 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-GARAGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 650.6k NOK to 766.6k NOK (+17.8% YoY). Calculated
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Operating result improved
Operating result -66.8k NOK → +56.4k NOK (op. margin -10.3% → 7.4%). Calculated
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Turned profitable
Net result flipped from a loss of 85.5k NOK to a profit of 56.4k NOK. Calculated
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Equity strengthened
Book equity 11 NOK → 133.7k NOK (equity ratio 0.0% → 100.0%). Calculated
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Cash rose
Bank deposits 15.5k NOK → 61.1k NOK (+295.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 664.6k NOK → 634.7k NOK (-4.5% YoY). Calculated