AB ØKONOMI AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, weaker earnings
approved 2021-03-08; registry 2021-05-18; journal 2021 230760
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB ØKONOMI AS. Revenue 8.50m NOK → 7.81m NOK (-8.2%). Net result +783.0k NOK → +451.5k NOK. Equity 326.7k NOK → 378.2k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 326.7k NOK → 378.2k NOK (equity ratio 13.6% → 18.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.50m NOK to 7.81m NOK (-8.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +51.99m NOK → +576 NOK (op. margin 611.5% → 0.0%). Calculated
-
↓
Net result weakened
Net result +783.0k NOK → +451.5k NOK (net margin 9.2% → 5.8%). Calculated
-
↓
Cash fell
Bank deposits 1.36m NOK → 953.4k NOK (-30.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 5.31m NOK → 5.60m NOK (62% → 72% of revenue). Calculated