ADVENTURE TAILOR AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, weaker earnings, cash halved-plus
approved 2021-08-25; registry 2021-08-30; journal 2021 690452
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE TAILOR AS. Revenue 560.9k NOK → 336.6k NOK (-40.0%). Net result +106.8k NOK → +45.5k NOK. Equity 7.19m NOK → 120.0k NOK.
On the constructive side: 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 ADVENTURE TAILOR AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 9 869 NOK → 2 122 NOK (2% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 560.9k NOK to 336.6k NOK (-40.0% YoY). Calculated
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↓
Operating result weakened
Operating result +138.5k NOK → +75.4k NOK (op. margin 24.7% → 22.4%). Calculated
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↓
Net result weakened
Net result +106.8k NOK → +45.5k NOK (net margin 19.0% → 13.5%). Calculated
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↓
Equity eroded
Book equity 7.19m NOK → 120.0k NOK (equity ratio 2339.4% → 51.8%). Calculated
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↓
Cash fell
Bank deposits 433 NOK → -1 433 NOK (-430.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 234.1k NOK → 29.5k NOK (-87.4% YoY). Calculated