FirmaIQ
Org.nr 913 475 402 2019 → 2020 Year-over-year analysis

Agnar Knutsen & Co AS: årsregnskap 2020 vs 2019

Grew 29% on revenue, stronger earnings

registry 2021-06-17; journal 2021 345059

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for Agnar Knutsen & Co AS. Revenue 1.87m NOK → 2.41m NOK (+28.7%). Net result +656.4k NOK → +1.13m NOK. Equity 5.57m NOK → 6.69m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.87m NOK 2.41m NOK
+28.7%
Operating result
+1.28m NOK +1.78m NOK
+39.2%
Net result
+656.4k NOK +1.13m NOK
+71.6%
Equity
5.57m NOK 6.69m NOK
+20.2%
Cash
599.5k NOK 549.2k NOK
-8.4%
Total assets
17.82m NOK 18.08m NOK
+1.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.87m NOK to 2.41m NOK (+28.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.28m NOK → +1.78m NOK (op. margin 68.3% → 73.9%). Calculated

  • ↑

    Net result improved

    Net result +656.4k NOK → +1.13m NOK (net margin 35.1% → 46.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.57m NOK → 6.69m NOK (equity ratio 31.2% → 37.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 599.5k NOK → 549.2k NOK (-8.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.34× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated