AIR SPONGE NORGE AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, weaker earnings
approved 2021-05-20; registry 2021-06-16; journal 2021 331967
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR SPONGE NORGE AS. Revenue 4.66m NOK → 5.66m NOK (+21.5%). Net result -4 136 NOK → -52.7k NOK. Equity 65.9k NOK → 13.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIR SPONGE NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.66m NOK to 5.66m NOK (+21.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +64.2k NOK → +14.6k NOK (op. margin 1.4% → 0.3%). Calculated
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↓
Net result weakened
Net result -4 136 NOK → -52.7k NOK (net margin -0.1% → -0.9%). Calculated
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↓
Equity eroded
Book equity 65.9k NOK → 13.2k NOK (equity ratio 8.0% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 17.0k NOK → 13.7k NOK (-19.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.21m NOK → 2.93m NOK (+32.3% YoY). Calculated