ACTION TRANSPORT AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-08-30; registry 2021-09-29; journal 2021 753553
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTION TRANSPORT AS. Revenue 40.52m NOK → 41.85m NOK (+3.3%). Net result +5.79m NOK → +1.21m NOK. Equity 589.5k NOK → 1.80m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACTION TRANSPORT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 40.52m NOK to 41.85m NOK (+3.3% YoY). Calculated
-
↑
Operating result improved
Operating result +1.01m NOK → +1.58m NOK (op. margin 2.5% → 3.8%). Calculated
-
↑
Equity strengthened
Book equity 589.5k NOK → 1.80m NOK (equity ratio 6.7% → 16.7%). Calculated
-
↑
Cash rose
Bank deposits 1.88m NOK → 2.65m NOK (+40.8% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.92× → 1.12×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +5.79m NOK → +1.21m NOK (net margin 14.3% → 2.9%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 9.95m NOK → 10.56m NOK (+6.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.12m NOK → 637.4k NOK. Reported fact