AJ BRA SERVICE AS: årsregnskap 2020 vs 2019
Shrank 94% on revenue, weaker earnings, cash halved-plus
approved 2021-05-31; registry 2021-07-17; journal 2021 575580
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ BRA SERVICE AS. Revenue 271.8k NOK → 16.2k NOK (-94.0%). Net result -232.5k NOK → -350.5k NOK. Equity -344.1k NOK → -941.7k NOK.
On the constructive side: payroll decreased. 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 AJ BRA SERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 10.26m NOK → 6.24m NOK (3777% → 38467% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 271.8k NOK to 16.2k NOK (-94.0% YoY). Calculated
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↓
Operating result weakened
Operating result -232.5k NOK → -350.6k NOK (op. margin -85.6% → -2162.1%). Calculated
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↓
Net result weakened
Net result -232.5k NOK → -350.5k NOK (net margin -85.6% → -2161.1%). Calculated
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↓
Equity eroded
Book equity -344.1k NOK → -941.7k NOK (equity ratio -148.0% → 910.7%). Calculated
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↓
Cash fell
Bank deposits 26.9k NOK → -110.2k NOK (-509.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 17.3k NOK → 4 504 NOK (-74.0% YoY). Calculated