AHL DISTRIBUSJON AS: årsregnskap 2020 vs 2019
Grew 596% on revenue, slipped into loss, cash halved-plus
approved 2021-05-26; registry 2021-05-29; journal 2021 338239
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AHL DISTRIBUSJON AS. Revenue 2.43m NOK → 16.89m NOK (+596.2%). Net result +286.3k NOK → -27.7k NOK. Equity 400.8k NOK → 373.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AHL DISTRIBUSJON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.43m NOK to 16.89m NOK (+596.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +365.4k NOK → -26.2k NOK (op. margin 15.1% → -0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 286.3k NOK profit to a loss of 27.7k NOK. Calculated
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↓
Equity eroded
Book equity 400.8k NOK → 373.1k NOK (equity ratio 17.1% → 9.7%). Calculated
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↓
Cash fell
Bank deposits 925.1k NOK → 293.0k NOK (-68.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 774 NOK → 7.39m NOK (0% → 44% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 512.9k NOK → 95.8k NOK (-81.3% YoY). Calculated