ABC-MØBLER AS: årsregnskap 2020 vs 2019
Grew 24% on revenue, returned to profit
approved 2021-06-08; registry 2021-06-29; journal 2021 413756
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC-MØBLER AS. Revenue 17.15m NOK → 21.34m NOK (+24.4%). Net result -453.0k NOK → +656.0k NOK. Equity 1.49m NOK → 3.14m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC-MØBLER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.15m NOK to 21.34m NOK (+24.4% YoY). Calculated
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↑
Operating result improved
Operating result -483.9k NOK → +216.7k NOK (op. margin -2.8% → 1.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 453.0k NOK to a profit of 656.0k NOK. Calculated
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↑
Equity strengthened
Book equity 1.49m NOK → 3.14m NOK (equity ratio 21.0% → 34.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 591.9k NOK → 438.9k NOK (-25.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.98m NOK → 3.07m NOK (17% → 14% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.40m NOK → 12.18m NOK (+17.1% YoY). Calculated