ABC AUTORISERTE KJØRESKOLE AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, weaker earnings
approved 2021-06-01; registry 2021-06-16; journal 2021 430804
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC AUTORISERTE KJØRESKOLE AS. Revenue 3.75m NOK → 4.03m NOK (+7.5%). Net result +771.7k NOK → +367 NOK. Equity 100.7k NOK → 102.8k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC AUTORISERTE KJØRESKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.75m NOK to 4.03m NOK (+7.5% YoY). Calculated
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↑
Equity strengthened
Book equity 100.7k NOK → 102.8k NOK (equity ratio 24.2% → 10.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +989.2k NOK → +471.7k NOK (op. margin 26.4% → 11.7%). Calculated
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↓
Net result weakened
Net result +771.7k NOK → +367 NOK (net margin 20.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 897.7k NOK → 811.7k NOK (-9.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.62m NOK → 1.67m NOK (43% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 58.6k NOK → 734.4k NOK (+1152.6% YoY). Calculated