AB PROFILERING AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, stronger earnings
approved 2021-06-15; registry 2021-06-17; journal 2021 439090
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB PROFILERING AS. Revenue 818.1k NOK → 740.2k NOK (-9.5%). Net result -324.4k NOK → -54.0k NOK. Equity -598.4k NOK → -652.4k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -404.4k NOK → -47.0k NOK (op. margin -49.4% → -6.3%). Calculated
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Net result improved
Net result -324.4k NOK → -54.0k NOK (net margin -39.7% → -7.3%). Calculated
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Cash rose
Bank deposits 13.4k NOK → 38.1k NOK (+184.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 818.1k NOK to 740.2k NOK (-9.5% YoY). Calculated
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↓
Equity eroded
Book equity -598.4k NOK → -652.4k NOK (equity ratio -45.8% → -41.9%). Calculated
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Current ratio dropped below 1×
Current ratio 2.16× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 509.7k NOK → 82.5k NOK (-83.8% YoY). Calculated