ABOVE MEDIA AS: årsregnskap 2020 vs 2019
Grew 12% on revenue, returned to profit
approved 2021-06-28; registry 2021-07-05; journal 2021 534668
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABOVE MEDIA AS. Revenue 215.9k NOK → 242.6k NOK (+12.4%). Net result -2 984 NOK → +3 475 NOK. Equity 19.3k NOK → 22.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 215.9k NOK to 242.6k NOK (+12.4% YoY). Calculated
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↑
Operating result improved
Operating result -2 992 NOK → +3 470 NOK (op. margin -1.4% → 1.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2 984 NOK to a profit of 3 475 NOK. Calculated
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Equity strengthened
Book equity 19.3k NOK → 22.8k NOK (equity ratio 17.8% → 10.1%). Calculated
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Payroll decreased
Salary cost 82.4k NOK → 29.2k NOK (38% → 12% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 80.9k NOK → 76.0k NOK (-6.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated