ACCOUNTING AND CONSULTING AS: årsregnskap 2020 vs 2019
Grew 308% on revenue, returned to profit
approved 2021-06-19; registry 2021-10-05; journal 2021 772563
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCOUNTING AND CONSULTING AS. Revenue 25.4k NOK → 103.3k NOK (+307.6%). Net result -10.2k NOK → +6 201 NOK. Equity 19.8k NOK → 26.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ACCOUNTING AND CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 25.4k NOK to 103.3k NOK (+307.6% YoY). Calculated
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Operating result improved
Operating result -13.1k NOK → +9 121 NOK (op. margin -51.7% → 8.8%). Calculated
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Turned profitable
Net result flipped from a loss of 10.2k NOK to a profit of 6 201 NOK. Calculated
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Equity strengthened
Book equity 19.8k NOK → 26.0k NOK (equity ratio 66.8% → 39.2%). Calculated
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Cash rose
Bank deposits 7 265 NOK → 35.2k NOK (+384.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3 NOK → 11.4k NOK (0% → 11% of revenue). Calculated