AB TELESERVICE AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, returned to profit
approved 2021-06-18; registry 2021-06-21; journal 2021 455145
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB TELESERVICE AS. Revenue 830.3k NOK → 1 118 NOK (-99.9%). Net result -35.4k NOK → +117.9k NOK. Equity 647.0k NOK → 765.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -36.9k NOK → +142.7k NOK (op. margin -4.4% → 12767.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 35.4k NOK to a profit of 117.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 647.0k NOK → 765.0k NOK (equity ratio 65.5% → 355.2%). Calculated
-
↑
Cash rose
Bank deposits 721.5k NOK → 737.5k NOK (+2.2% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 830.3k NOK to 1 118 NOK (-99.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.52× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 690.8k NOK → 779.4k NOK (83% → 69710% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 2 952 NOK → 18.0k NOK (+508.7% YoY). Calculated