FirmaIQ
Org.nr 844 308 302 2019 → 2020 Year-over-year analysis

ABC TRAFIKKSKOLE STEINAR MYHRE AS: årsregnskap 2020 vs 2019

Grew 8% on revenue, weaker earnings

approved 2021-04-15; registry 2021-04-27; journal 2021 210690

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABC TRAFIKKSKOLE STEINAR MYHRE AS. Revenue 374.1k NOK → 405.7k NOK (+8.4%). Net result -10.4k NOK → -39.9k NOK. Equity 320.3k NOK → 280.4k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
374.1k NOK 405.7k NOK
+8.4%
Operating result
-12.8k NOK -46.1k NOK
-259.0%
Net result
-10.4k NOK -39.9k NOK
-285.5%
Equity
320.3k NOK 280.4k NOK
-12.5%
Cash
175.9k NOK 235.1k NOK
+33.7%
Total assets
395.3k NOK 392.6k NOK
-0.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 374.1k NOK to 405.7k NOK (+8.4% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 175.9k NOK → 235.1k NOK (+33.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -12.8k NOK → -46.1k NOK (op. margin -3.4% → -11.4%). Calculated

  • ↓

    Net result weakened

    Net result -10.4k NOK → -39.9k NOK (net margin -2.8% → -9.8%). Calculated

  • ↓

    Equity eroded

    Book equity 320.3k NOK → 280.4k NOK (equity ratio 81.0% → 71.4%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.93× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated