FirmaIQ
Org.nr 913 056 892 2019 → 2020 Year-over-year analysis

AIRMASTER NORGE AS: årsregnskap 2020 vs 2019

Grew 18% on revenue

registry 2021-10-23; journal 2021 855518

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRMASTER NORGE AS. Revenue 12.14m NOK → 14.33m NOK (+18.1%). Net result +421.6k NOK → +463.4k NOK. Equity 2.58m NOK → 2.54m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIRMASTER NORGE AS.

At a glance

Scorecard

Revenue
12.14m NOK 14.33m NOK
+18.1%
Operating result
+533.9k NOK +932.6k NOK
+74.7%
Net result
+421.6k NOK +463.4k NOK
+9.9%
Equity
2.58m NOK 2.54m NOK
-1.4%
Cash
2.32m NOK 3.78m NOK
+63.3%
Total assets
4.65m NOK 6.97m NOK
+50.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.14m NOK to 14.33m NOK (+18.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +533.9k NOK → +932.6k NOK (op. margin 4.4% → 6.5%). Calculated

  • ↑

    Net result improved

    Net result +421.6k NOK → +463.4k NOK (net margin 3.5% → 3.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.32m NOK → 3.78m NOK (+63.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.42m NOK → 1.83m NOK (20% → 13% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.58m NOK → 2.54m NOK (equity ratio 55.4% → 36.4%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 7.07m NOK → 9.22m NOK (+30.4% YoY). Calculated