AC VARMEPUMPER AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, returned to profit
approved 2021-04-26; registry 2021-06-16; journal 2021 332629
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC VARMEPUMPER AS. Revenue 6.18m NOK → 5.02m NOK (-18.7%). Net result -228.8k NOK → +53.2k NOK. Equity -283.5k NOK → -230.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC VARMEPUMPER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -207.3k NOK → +60.2k NOK (op. margin -3.4% → 1.2%). Calculated
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Turned profitable
Net result flipped from a loss of 228.8k NOK to a profit of 53.2k NOK. Calculated
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Equity strengthened
Book equity -283.5k NOK → -230.2k NOK (equity ratio -38.4% → -7482.3%). Calculated
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Cash rose
Bank deposits 189.5k NOK → 712.7k NOK (+276.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.50m NOK → 1.96m NOK (40% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.18m NOK to 5.02m NOK (-18.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7482.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.89m NOK → 2.13m NOK (-26.3% YoY). Calculated