ACCOUNTING COMPANY AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue, weaker earnings
approved 2021-06-28; registry 2021-10-23; journal 2021 856200
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCOUNTING COMPANY AS. Revenue 408.1k NOK → 303.0k NOK (-25.7%). Net result +197.9k NOK → +73.0k NOK. Equity 233.6k NOK → 306.6k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 233.6k NOK → 306.6k NOK (equity ratio 72.7% → 79.8%). Calculated
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↑
Cash rose
Bank deposits 222.7k NOK → 297.8k NOK (+33.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 408.1k NOK to 303.0k NOK (-25.7% YoY). Calculated
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↓
Operating result weakened
Operating result +253.7k NOK → +93.7k NOK (op. margin 62.2% → 30.9%). Calculated
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↓
Net result weakened
Net result +197.9k NOK → +73.0k NOK (net margin 48.5% → 24.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 89.5k NOK → 134.2k NOK (22% → 44% of revenue). Calculated