FirmaIQ
Org.nr 966 553 596 2019 → 2020 Year-over-year analysis

AB SYSTEMER AS: årsregnskap 2020 vs 2019

Shrank 20% on revenue, weaker earnings

approved 2021-05-28; registry 2021-08-18; journal 2021 626722

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AB SYSTEMER AS. Revenue 21.61m NOK → 17.22m NOK (-20.3%). Net result +1.61m NOK → +890.6k NOK. Equity 2.54m NOK → 2.63m NOK.

On the constructive side: equity strengthened; 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 SYSTEMER AS.

At a glance

Scorecard

Revenue
21.61m NOK 17.22m NOK
-20.3%
Operating result
+2.06m NOK +1.14m NOK
-44.7%
Net result
+1.61m NOK +890.6k NOK
-44.5%
Equity
2.54m NOK 2.63m NOK
+3.6%
Cash
4.70m NOK 3.32m NOK
-29.3%
Total assets
7.76m NOK 7.39m NOK
-4.7%

What improved

  • ↑

    Equity strengthened

    Book equity 2.54m NOK → 2.63m NOK (equity ratio 32.7% → 35.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.03m NOK → 1.86m NOK (9% → 11% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.61m NOK to 17.22m NOK (-20.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.06m NOK → +1.14m NOK (op. margin 9.5% → 6.6%). Calculated

  • ↓

    Net result weakened

    Net result +1.61m NOK → +890.6k NOK (net margin 7.4% → 5.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.70m NOK → 3.32m NOK (-29.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 16.10m NOK → 13.03m NOK (-19.1% YoY). Calculated