ABEL MALERSERVICE AS: årsregnskap 2020 vs 2019
Grew 267% on revenue, stronger earnings
approved 2021-04-15; registry 2021-06-21; journal 2021 448561
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL MALERSERVICE AS. Revenue 198.6k NOK → 729.4k NOK (+267.2%). Net result +19.5k NOK → +66.1k NOK. Equity 119.5k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABEL MALERSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 198.6k NOK to 729.4k NOK (+267.2% YoY). Calculated
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↑
Operating result improved
Operating result +23.7k NOK → +86.1k NOK (op. margin 11.9% → 11.8%). Calculated
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Net result improved
Net result +19.5k NOK → +66.1k NOK (net margin 9.8% → 9.1%). Calculated
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Cash rose
Bank deposits 6 539 NOK → 18.8k NOK (+187.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 119.5k NOK → 100.0k NOK (equity ratio 36.0% → 28.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 100 NOK → 458.4k NOK (1% → 63% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 35.3k NOK → 906.3k NOK (+2469.6% YoY). Calculated