AB OSEN AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, weaker earnings
approved 2021-06-30; registry 2021-07-31; journal 2021 600004
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB OSEN AS. Revenue 2.95m NOK → 2.57m NOK (-12.8%). Net result +159.3k NOK → +119.4k NOK. Equity 826.8k NOK → 11.95m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB OSEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 826.8k NOK → 11.95m NOK (equity ratio 302.3% → 685.6%). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 1 274 NOK (None YoY). Calculated
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↑
Payroll decreased
Salary cost 3.13m NOK → 2 NOK (106% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.95m NOK to 2.57m NOK (-12.8% YoY). Calculated
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↓
Operating result weakened
Operating result +224.1k NOK → +191.4k NOK (op. margin 7.6% → 7.4%). Calculated
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↓
Net result weakened
Net result +159.3k NOK → +119.4k NOK (net margin 5.4% → 4.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.21m NOK → 1.50m NOK (-32.4% YoY). Calculated