AC SCHNITZER NORGE AS: årsregnskap 2020 vs 2019
Grew 43% on revenue, returned to profit
approved 2021-05-14; registry 2021-10-02; journal 2021 847164
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC SCHNITZER NORGE AS. Revenue 782.0k NOK → 1.12m NOK (+43.3%). Net result -86.3k NOK → +95.2k NOK. Equity 19.9k NOK → 115.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AC SCHNITZER NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 782.0k NOK to 1.12m NOK (+43.3% YoY). Calculated
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Operating result improved
Operating result -109.7k NOK → +161.8k NOK (op. margin -14.0% → 14.4%). Calculated
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Turned profitable
Net result flipped from a loss of 86.3k NOK to a profit of 95.2k NOK. Calculated
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Equity strengthened
Book equity 19.9k NOK → 115.1k NOK (equity ratio 5.3% → 73.9%). Calculated
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Cash rose
Bank deposits 76.7k NOK → 120.3k NOK (+56.9% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 779.1k NOK → 888.1k NOK (+14.0% YoY). Calculated