FirmaIQ
Org.nr 924 818 816 2019 → 2020 Year-over-year analysis

AF CONSULT MANAGEMENT AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-05-25; registry 2021-07-27; journal 2021 548156

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AF CONSULT MANAGEMENT AS. Net result +248.4k NOK → +330.7k NOK. Equity 2.31m NOK → 2.14m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AF CONSULT MANAGEMENT AS.

At a glance

Scorecard

Revenue
154.3k NOK n/m
—
Operating result
-81.8k NOK -49.3k NOK
+39.8%
Net result
+248.4k NOK +330.7k NOK
+33.1%
Equity
2.31m NOK 2.14m NOK
-7.3%
Cash
574.9k NOK 256.1k NOK
-55.5%
Total assets
2.31m NOK 2.65m NOK
+14.4%

What improved

  • ↑

    Operating result improved

    Operating result -81.8k NOK → -49.3k NOK. Calculated

  • ↑

    Net result improved

    Net result +248.4k NOK → +330.7k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.31m NOK → 2.14m NOK (equity ratio 100.0% → 81.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 574.9k NOK → 256.1k NOK (-55.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 208.01× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 10 NOK → 2.39m NOK. Reported fact