AIRSUSPENSION AS: årsregnskap 2020 vs 2019
Grew 81% on revenue, weaker earnings
approved 2021-06-30; registry 2021-08-09; journal 2021 593611
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRSUSPENSION AS. Revenue 3.42m NOK → 6.20m NOK (+81.2%). Net result +314.6k NOK → +220.0k NOK. Equity 651.6k NOK → 871.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRSUSPENSION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.42m NOK to 6.20m NOK (+81.2% YoY). Calculated
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↑
Equity strengthened
Book equity 651.6k NOK → 871.6k NOK (equity ratio 46.3% → 32.3%). Calculated
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↑
Cash rose
Bank deposits 261.3k NOK → 554.7k NOK (+112.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +403.5k NOK → +295.6k NOK (op. margin 11.8% → 4.8%). Calculated
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↓
Net result weakened
Net result +314.6k NOK → +220.0k NOK (net margin 9.2% → 3.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 90.3k NOK → 1.05m NOK (3% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.50m NOK → 3.59m NOK (+44.0% YoY). Calculated