FirmaIQ
Org.nr 892 313 792 2019 → 2020 Year-over-year analysis

ABC EL-MONTASJE AS: årsregnskap 2020 vs 2019

Shrank 19% on revenue, stronger earnings

approved 2021-08-31; registry 2021-10-20; journal 2021 839082

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABC EL-MONTASJE AS. Revenue 15.84m NOK → 12.76m NOK (-19.4%). Net result +1.07m NOK → +1.29m NOK. Equity 4.74m NOK → 6.03m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABC EL-MONTASJE AS.

At a glance

Scorecard

Revenue
15.84m NOK 12.76m NOK
-19.4%
Operating result
+1.46m NOK +1.73m NOK
+18.9%
Net result
+1.07m NOK +1.29m NOK
+20.8%
Equity
4.74m NOK 6.03m NOK
+27.3%
Cash
1.98m NOK 3.13m NOK
+58.0%
Total assets
8.79m NOK 9.77m NOK
+11.2%

What improved

  • ↑

    Operating result improved

    Operating result +1.46m NOK → +1.73m NOK (op. margin 9.2% → 13.6%). Calculated

  • ↑

    Net result improved

    Net result +1.07m NOK → +1.29m NOK (net margin 6.8% → 10.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.74m NOK → 6.03m NOK (equity ratio 53.9% → 61.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.98m NOK → 3.13m NOK (+58.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.51m NOK → 4.23m NOK (28% → 33% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.84m NOK to 12.76m NOK (-19.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.53m NOK → 4.72m NOK (-37.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 83.8k NOK → 1.49m NOK. Reported fact