FirmaIQ
Org.nr 988 988 545 2019 → 2020 Year-over-year analysis

ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-06-20; registry 2021-06-22; journal 2021 459625

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADD ON FITNESS INTERNATIONAL AS. Revenue 907.5k NOK → 943.7k NOK (+4.0%). Net result +9 483 NOK → +344.8k NOK. Equity 601.1k NOK → 945.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.

At a glance

Scorecard

Revenue
907.5k NOK 943.7k NOK
+4.0%
Operating result
+205.3k NOK +285.9k NOK
+39.3%
Net result
+9 483 NOK +344.8k NOK
+3535.5%
Equity
601.1k NOK 945.8k NOK
+57.4%
Cash
123.1k NOK 243.7k NOK
+98.0%
Total assets
1.10m NOK 1.47m NOK
+34.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 907.5k NOK to 943.7k NOK (+4.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +205.3k NOK → +285.9k NOK (op. margin 22.6% → 30.3%). Calculated

  • ↑

    Net result improved

    Net result +9 483 NOK → +344.8k NOK (net margin 1.0% → 36.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 601.1k NOK → 945.8k NOK (equity ratio 54.8% → 64.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 123.1k NOK → 243.7k NOK (+98.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.01m NOK → 1.49m NOK (111% → 158% of revenue). Calculated