ABRY & KAVANAGH DESIGN AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, stronger earnings
approved 2021-08-16; registry 2021-08-23; journal 2021 659352
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABRY & KAVANAGH DESIGN AS. Revenue 1.85m NOK → 1.99m NOK (+7.2%). Net result +5 660 NOK → +32.1k NOK. Equity 596.3k NOK → 628.4k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABRY & KAVANAGH DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 1.99m NOK (+7.2% YoY). Calculated
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Net result improved
Net result +5 660 NOK → +32.1k NOK (net margin 0.3% → 1.6%). Calculated
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↑
Equity strengthened
Book equity 596.3k NOK → 628.4k NOK (equity ratio 46.9% → 45.9%). Calculated
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Cash rose
Bank deposits 106.4k NOK → 468.5k NOK (+340.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.45× → 2.72×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +4 713 NOK → -13.0k NOK (op. margin 0.3% → -0.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.43m NOK → 1.61m NOK (77% → 81% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 22.1k NOK → 2 225 NOK (-89.9% YoY). Calculated