FirmaIQ
Org.nr 980 285 197 2019 → 2020 Year-over-year analysis

AIR & ROAD TRANSPORT AS: årsregnskap 2020 vs 2019

Grew 14% on revenue, stronger earnings

approved 2021-04-13; registry 2021-10-12; journal 2021 804260

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIR & ROAD TRANSPORT AS. Revenue 64.62m NOK → 73.36m NOK (+13.5%). Net result +6.10m NOK → +9.06m NOK. Equity 8.55m NOK → 8.60m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.

At a glance

Scorecard

Revenue
64.62m NOK 73.36m NOK
+13.5%
Operating result
+7.32m NOK +11.21m NOK
+53.1%
Net result
+6.10m NOK +9.06m NOK
+48.5%
Equity
8.55m NOK 8.60m NOK
+0.7%
Cash
10.85m NOK 16.50m NOK
+52.1%
Total assets
25.04m NOK 30.16m NOK
+20.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 64.62m NOK to 73.36m NOK (+13.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +7.32m NOK → +11.21m NOK (op. margin 11.3% → 15.3%). Calculated

  • ↑

    Net result improved

    Net result +6.10m NOK → +9.06m NOK (net margin 9.4% → 12.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 8.55m NOK → 8.60m NOK (equity ratio 34.1% → 28.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.85m NOK → 16.50m NOK (+52.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.23m NOK → 6.48m NOK (10% → 9% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 47.69m NOK → 52.92m NOK (+11.0% YoY). Calculated