AE FROGNER AS: årsregnskap 2020 vs 2019
Grew 22% on revenue
approved 2021-05-05; registry 2021-06-17; journal 2021 436446
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AE FROGNER AS. Revenue 84.2k NOK → 103.0k NOK (+22.2%). Net result -62.7k NOK → -61.2k NOK. Equity 693.8k NOK → 632.5k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 84.2k NOK to 103.0k NOK (+22.2% YoY). Calculated
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↑
Operating result improved
Operating result -87.2k NOK → -82.1k NOK (op. margin -103.6% → -79.7%). Calculated
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↑
Payroll decreased
Salary cost 39.7k NOK → 28.7k NOK (47% → 28% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 693.8k NOK → 632.5k NOK (equity ratio 72.4% → 74.2%). Calculated
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↓
Cash fell
Bank deposits 539.3k NOK → 440.4k NOK (-18.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10 NOK → 32.0k NOK. Reported fact