AIRFLOW BOLIGVENTILASJON AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, weaker earnings
approved 2021-09-03; registry 2021-09-28; journal 2021 746085
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRFLOW BOLIGVENTILASJON AS. Revenue 7.61m NOK → 5.59m NOK (-26.6%). Net result +410.8k NOK → +126.7k NOK. Equity 1.85m NOK → 1.97m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW BOLIGVENTILASJON AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.85m NOK → 1.97m NOK (equity ratio 68.3% → 84.1%). Calculated
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↑
Cash rose
Bank deposits 330.8k NOK → 657.0k NOK (+98.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.61m NOK to 5.59m NOK (-26.6% YoY). Calculated
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↓
Operating result weakened
Operating result +716.5k NOK → +271.6k NOK (op. margin 9.4% → 4.9%). Calculated
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↓
Net result weakened
Net result +410.8k NOK → +126.7k NOK (net margin 5.4% → 2.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.42m NOK → 4.92m NOK (58% → 88% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.24m NOK → 3.52m NOK (-17.1% YoY). Calculated