AB-INVEST AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-06-03; registry 2021-06-29; journal 2021 411342
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB-INVEST AS. Revenue 1.78m NOK → 1.81m NOK (+1.9%). Net result +15.76m NOK → +4.59m NOK. Equity 36.51m NOK → 31.11m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AB-INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 1.81m NOK (+1.9% YoY). Calculated
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↑
Operating result improved
Operating result +961.7k NOK → +998.4k NOK (op. margin 54.0% → 55.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +15.76m NOK → +4.59m NOK (net margin 884.7% → 253.2%). Calculated
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↓
Equity eroded
Book equity 36.51m NOK → 31.11m NOK (equity ratio 72.0% → 63.1%). Calculated
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↓
Cash fell
Bank deposits 954.1k NOK → 289.1k NOK (-69.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 18.89m NOK → 18.97m NOK (1060% → 1046% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 38.30m NOK → 43.18m NOK (+12.7% YoY). Calculated