ABK RØRSERVICE AS: årsregnskap 2020 vs 2019
Grew 40% on revenue, returned to profit
approved 2021-05-10; registry 2021-06-15; journal 2021 318335
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABK RØRSERVICE AS. Revenue 2.77m NOK → 3.88m NOK (+40.0%). Net result -174.3k NOK → +684.2k NOK. Equity 2.27m NOK → 2.40m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABK RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.77m NOK to 3.88m NOK (+40.0% YoY). Calculated
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↑
Operating result improved
Operating result -182.0k NOK → +808.7k NOK (op. margin -6.6% → 20.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 174.3k NOK to a profit of 684.2k NOK. Calculated
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↑
Equity strengthened
Book equity 2.27m NOK → 2.40m NOK (equity ratio 82.0% → 64.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.31m NOK → 1.09m NOK (-17.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 884.9k NOK → 264.1k NOK (-70.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 2 → 1.5. Reported fact