ABC STUDIO AS: årsregnskap 2020 vs 2019
Grew 13% on revenue, stronger earnings
approved 2021-07-31; registry 2021-09-02; journal 2021 712772
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC STUDIO AS. Revenue 2.05m NOK → 2.31m NOK (+13.0%). Net result +65.1k NOK → +589.0k NOK. Equity 463.7k NOK → 52.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC STUDIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.05m NOK to 2.31m NOK (+13.0% YoY). Calculated
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↑
Operating result improved
Operating result +62.7k NOK → +646.8k NOK (op. margin 3.1% → 28.0%). Calculated
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↑
Net result improved
Net result +65.1k NOK → +589.0k NOK (net margin 3.2% → 25.5%). Calculated
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↑
Cash rose
Bank deposits 39.4k NOK → 601.0k NOK (+1423.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 463.7k NOK → 52.7k NOK (equity ratio 65.7% → 26.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.44m NOK → 1.22m NOK (-15.5% YoY). Calculated