AJ BLIKK AS: årsregnskap 2020 vs 2019
Grew 18% on revenue, stronger earnings
approved 2021-05-14; registry 2021-05-25; journal 2021 322955
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ BLIKK AS. Revenue 3.26m NOK → 3.85m NOK (+18.1%). Net result +161.3k NOK → +499.5k NOK. Equity 44.1k NOK → 543.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AJ BLIKK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.26m NOK to 3.85m NOK (+18.1% YoY). Calculated
-
↑
Operating result improved
Operating result +182.2k NOK → +657.2k NOK (op. margin 5.6% → 17.1%). Calculated
-
↑
Net result improved
Net result +161.3k NOK → +499.5k NOK (net margin 5.0% → 13.0%). Calculated
-
↑
Equity strengthened
Book equity 44.1k NOK → 543.5k NOK (equity ratio 5.3% → 122.7%). Calculated
-
↑
Payroll decreased
Salary cost 1.80m NOK → 1.48m NOK (55% → 39% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 625.3k NOK → 374.1k NOK (-40.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 639.6k NOK → 210.2k NOK (-67.1% YoY). Calculated