AB SNEKKERN AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, weaker earnings
approved 2020-12-31; registry 2021-05-05; journal 2021 261413
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB SNEKKERN AS. Revenue 3.11m NOK → 2.78m NOK (-10.7%). Net result +342.0k NOK → +163.7k NOK. Equity 603.0k NOK → 12.11m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. 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 SNEKKERN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 603.0k NOK → 12.11m NOK (equity ratio 52989.4% → 1052.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 22.03×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.11m NOK to 2.78m NOK (-10.7% YoY). Calculated
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↓
Operating result weakened
Operating result +394.8k NOK → +190.9k NOK (op. margin 12.7% → 6.9%). Calculated
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↓
Net result weakened
Net result +342.0k NOK → +163.7k NOK (net margin 11.0% → 5.9%). Calculated
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↓
Cash fell
Bank deposits 890.4k NOK → 783.4k NOK (-12.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 940.7k NOK → 771.2k NOK (-18.0% YoY). Calculated