FirmaIQ
Org.nr 915 157 564 2019 → 2020 Year-over-year analysis

AF AUTO AS: årsregnskap 2020 vs 2019

Grew 11% on revenue, stronger earnings, cash halved-plus

approved 2021-06-21; registry 2021-06-23; journal 2021 466379

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AF AUTO AS. Revenue 1.81m NOK → 2.00m NOK (+10.8%). Net result +481.0k NOK → +663.2k NOK. Equity 366.2k NOK → 429.4k NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AF AUTO AS.

At a glance

Scorecard

Revenue
1.81m NOK 2.00m NOK
+10.8%
Operating result
+557.0k NOK +851.4k NOK
+52.9%
Net result
+481.0k NOK +663.2k NOK
+37.9%
Equity
366.2k NOK 429.4k NOK
+17.2%
Cash
989.1k NOK 314.9k NOK
-68.2%
Total assets
2.12m NOK 2.25m NOK
+6.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.81m NOK to 2.00m NOK (+10.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +557.0k NOK → +851.4k NOK (op. margin 30.8% → 42.5%). Calculated

  • ↑

    Net result improved

    Net result +481.0k NOK → +663.2k NOK (net margin 26.6% → 33.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 366.2k NOK → 429.4k NOK (equity ratio 17.2% → 19.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 989.1k NOK → 314.9k NOK (-68.2% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 226.8k NOK → 1.11m NOK (+390.3% YoY). Calculated