ACCOUNTING 4 YOU AS: årsregnskap 2020 vs 2019
Grew 27% on revenue, stronger earnings
approved 2021-01-11; registry 2021-01-14; journal 2021 106715
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCOUNTING 4 YOU AS. Revenue 6.84m NOK → 8.68m NOK (+27.0%). Net result +588.0k NOK → +804.7k NOK. Equity 1.60m NOK → 1.88m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCOUNTING 4 YOU AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.84m NOK to 8.68m NOK (+27.0% YoY). Calculated
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Operating result improved
Operating result +741.7k NOK → +1.06m NOK (op. margin 10.8% → 12.2%). Calculated
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Net result improved
Net result +588.0k NOK → +804.7k NOK (net margin 8.6% → 9.3%). Calculated
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Equity strengthened
Book equity 1.60m NOK → 1.88m NOK (equity ratio 51.3% → 54.0%). Calculated
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Cash rose
Bank deposits 2.00m NOK → 2.23m NOK (+11.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 4.75m NOK → 5.42m NOK (69% → 62% of revenue). Calculated
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COGS fell
COGS / varekostnad 30.0k NOK → 20.6k NOK (-31.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 51.4k NOK → 165.0k NOK. Reported fact