AIR-PRODUCT NORGE AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue, weaker earnings
approved 2021-04-20; registry 2021-05-22; journal 2021 238744
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR-PRODUCT NORGE AS. Revenue 19.12m NOK → 14.22m NOK (-25.7%). Net result +451.6k NOK → +190.2k NOK. Equity 2.67m NOK → 3.64m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR-PRODUCT NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -646.9k NOK → +689.6k NOK (op. margin -3.4% → 4.8%). Calculated
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↑
Equity strengthened
Book equity 2.67m NOK → 3.64m NOK (equity ratio 48.6% → 63.1%). Calculated
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↑
Cash rose
Bank deposits 1.19m NOK → 2.45m NOK (+104.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.90m NOK → 2.23m NOK (15% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.12m NOK to 14.22m NOK (-25.7% YoY). Calculated
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↓
Net result weakened
Net result +451.6k NOK → +190.2k NOK (net margin 2.4% → 1.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 15.73m NOK → 10.46m NOK (-33.5% YoY). Calculated