FirmaIQ
Org.nr 986 171 010 2019 → 2020 Year-over-year analysis

ADDED VALUE IT AS: årsregnskap 2020 vs 2019

Shrank 34% on revenue, stronger earnings

approved 2021-05-11; registry 2021-06-14; journal 2021 313015

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDED VALUE IT AS. Revenue 3.47m NOK → 2.28m NOK (-34.3%). Net result +389.8k NOK → +517.0k NOK. Equity 3.78m NOK → 4.30m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.47m NOK 2.28m NOK
-34.3%
Operating result
+472.4k NOK +645.1k NOK
+36.6%
Net result
+389.8k NOK +517.0k NOK
+32.6%
Equity
3.78m NOK 4.30m NOK
+13.7%
Cash
5.45m NOK 5.17m NOK
-5.2%
Total assets
6.31m NOK 6.11m NOK
-3.1%

What improved

  • ↑

    Operating result improved

    Operating result +472.4k NOK → +645.1k NOK (op. margin 13.6% → 28.3%). Calculated

  • ↑

    Net result improved

    Net result +389.8k NOK → +517.0k NOK (net margin 11.2% → 22.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.78m NOK → 4.30m NOK (equity ratio 60.0% → 70.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.74m NOK → 1.43m NOK (79% → 63% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.47m NOK to 2.28m NOK (-34.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 5.45m NOK → 5.17m NOK (-5.2% YoY). Calculated