FirmaIQ
Org.nr 985 143 412 2019 → 2020 Year-over-year analysis

AB GASOLINE AS: årsregnskap 2020 vs 2019

Shrank 60% on revenue, stronger earnings

approved 2021-05-12; registry 2021-06-30; journal 2021 423997

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AB GASOLINE AS. Revenue 21.79m NOK → 8.69m NOK (-60.1%). Net result +142.0k NOK → +406.5k NOK. Equity 3.06m NOK → 3.47m NOK.

On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

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

At a glance

Scorecard

Revenue
21.79m NOK 8.69m NOK
-60.1%
Operating result
+666.9k NOK +576.4k NOK
-13.6%
Net result
+142.0k NOK +406.5k NOK
+186.3%
Equity
3.06m NOK 3.47m NOK
+13.3%
Cash
3.02m NOK 2.80m NOK
-7.5%
Total assets
5.84m NOK 5.81m NOK
-0.6%

What improved

  • ↑

    Net result improved

    Net result +142.0k NOK → +406.5k NOK (net margin 0.7% → 4.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.06m NOK → 3.47m NOK (equity ratio 52.4% → 59.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.79m NOK to 8.69m NOK (-60.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +666.9k NOK → +576.4k NOK (op. margin 3.1% → 6.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.02m NOK → 2.80m NOK (-7.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.70m NOK → 2.71m NOK (12% → 31% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 16.82m NOK → 4.11m NOK (-75.5% YoY). Calculated