AD OPPUSSING AS: årsregnskap 2020 vs 2019
Grew 174% on revenue, weaker earnings
approved 2021-05-19; registry 2021-05-25; journal 2021 316509
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD OPPUSSING AS. Revenue 2.01m NOK → 5.51m NOK (+173.7%). Net result +6.28m NOK → +488.2k NOK. Equity 6.30m NOK → 786.4k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AD OPPUSSING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.01m NOK to 5.51m NOK (+173.7% YoY). Calculated
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Operating result improved
Operating result +362.5k NOK → +683.0k NOK (op. margin 18.0% → 12.4%). Calculated
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Cash rose
Bank deposits 1.07m NOK → 1.07m NOK (+0.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.28m NOK → +488.2k NOK (net margin 312.1% → 8.9%). Calculated
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↓
Equity eroded
Book equity 6.30m NOK → 786.4k NOK (equity ratio 562.8% → 22.7%). Calculated
Things to notice
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Payroll increased
Salary cost 2 417 NOK → 1.10m NOK (0% → 20% of revenue). Calculated
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COGS fell
COGS / varekostnad 850.0k NOK → 377.8k NOK (-55.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 18.0k NOK → 62.3k NOK. Reported fact