ADVANCED MACHINE COMPANY AS: årsregnskap 2020 vs 2019
Shrank 38% on revenue, weaker earnings
approved 2021-08-10; registry 2021-08-19; journal 2021 630206
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANCED MACHINE COMPANY AS. Revenue 31.00m NOK → 19.22m NOK (-38.0%). Net result +670.4k NOK → +117.9k NOK. Equity 6.61m NOK → 6.73m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.61m NOK → 6.73m NOK. Calculated
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↑
Payroll decreased
Salary cost 7.89m NOK → 5.94m NOK (25% → 31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.00m NOK to 19.22m NOK (-38.0% YoY). Calculated
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↓
Operating result weakened
Operating result +210.3k NOK → +104.8k NOK (op. margin 0.7% → 0.5%). Calculated
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↓
Net result weakened
Net result +670.4k NOK → +117.9k NOK (net margin 2.2% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 17.72m NOK → 9.01m NOK (-49.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.93m NOK → 11.14m NOK (-13.8% YoY). Calculated