AJ SELLISETH AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, slipped into loss
approved 2021-08-16; registry 2021-09-23; journal 2021 795809
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ SELLISETH AS. Revenue 3.42m NOK → 2.87m NOK (-16.1%). Net result +870.0k NOK → -130.8k NOK. Equity 2.49m NOK → 2.36m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AJ SELLISETH AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 332.0k NOK → 298.3k NOK (10% → 10% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.42m NOK to 2.87m NOK (-16.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.12m NOK → -176.2k NOK (op. margin 32.8% → -6.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 870.0k NOK profit to a loss of 130.8k NOK. Calculated
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↓
Equity eroded
Book equity 2.49m NOK → 2.36m NOK (equity ratio 82.0% → 90.2%). Calculated
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↓
Cash fell
Bank deposits 441.2k NOK → 396.1k NOK (-10.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 468.6k NOK → 41.9k NOK (-91.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 250.0k NOK → 280 NOK. Reported fact