AIR BP NORWAY AS: årsregnskap 2020 vs 2019
Shrank 64% on revenue, slipped into loss, fresh owner capital
approved 2021-08-24; registry 2021-10-07; journal 2021 781979
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR BP NORWAY AS. Revenue 364.45m NOK → 131.55m NOK (-63.9%). Net result +4.17m NOK → -4.52m NOK. Equity 40.70m NOK → 36.90m NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR BP NORWAY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.22m NOK → 2.49m NOK (+104.3% YoY). Calculated
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Owners injected capital
Paid-in equity rose 25.77m NOK → 36.90m NOK (+11.12m NOK). Reported fact
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↑
Payroll decreased
Salary cost 3.60m NOK → 3.22m NOK (1% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 364.45m NOK to 131.55m NOK (-63.9% YoY). Calculated
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↓
Operating result weakened
Operating result +6.39m NOK → -3.63m NOK (op. margin 1.8% → -2.8%). Calculated
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Fell into a net loss
Net result flipped from 4.17m NOK profit to a loss of 4.52m NOK. Calculated
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↓
Equity eroded
Book equity 40.70m NOK → 36.90m NOK (equity ratio 43.7% → 44.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.34m NOK → 14.12m NOK (-1.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 309.0k NOK → 9.92m NOK. Reported fact