FirmaIQ
Org.nr 916 188 382 2019 → 2020 Year-over-year analysis

ABSOLUTT SPORTSREISER AS: årsregnskap 2020 vs 2019

Grew 5976% on revenue, stronger earnings

approved 2021-08-31; registry 2021-09-06; journal 2021 723752

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABSOLUTT SPORTSREISER AS. Revenue 95.8k NOK → 5.82m NOK (+5975.9%). Net result +2 277 NOK → +524.6k NOK. Equity 49.8k NOK → 574.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOLUTT SPORTSREISER AS.

At a glance

Scorecard

Revenue
95.8k NOK 5.82m NOK
+5975.9%
Operating result
+3 218 NOK +667.5k NOK
+20644.1%
Net result
+2 277 NOK +524.6k NOK
+22937.5%
Equity
49.8k NOK 574.4k NOK
+1052.4%
Cash
426.6k NOK 1.11m NOK
+160.4%
Total assets
2.31m NOK 1.12m NOK
-51.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 95.8k NOK to 5.82m NOK (+5975.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3 218 NOK → +667.5k NOK (op. margin 3.4% → 11.5%). Calculated

  • ↑

    Net result improved

    Net result +2 277 NOK → +524.6k NOK (net margin 2.4% → 9.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 49.8k NOK → 574.4k NOK (equity ratio 2.2% → 51.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 426.6k NOK → 1.11m NOK (+160.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6.71m NOK → 3.91m NOK (-41.8% YoY). Calculated