ADVERTISING WITH ELEPHANTS AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, weaker earnings
approved 2021-08-10; registry 2021-08-21; journal 2021 651963
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVERTISING WITH ELEPHANTS AS. Revenue 2.29m NOK → 2.14m NOK (-6.6%). Net result +1.02m NOK → +705.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.29m NOK
2.14m NOK
-6.6%
Operating result
+1.31m NOK
+901.9k NOK
-31.0%
Net result
+1.02m NOK
+705.0k NOK
-30.6%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.29m NOK to 2.14m NOK (-6.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.31m NOK → +901.9k NOK (op. margin 57.0% → 42.1%). Calculated
-
↓
Net result weakened
Net result +1.02m NOK → +705.0k NOK (net margin 44.3% → 32.9%). Calculated