AJAX FORLAG AS: årsregnskap 2020 vs 2019
Grew 87% on revenue, returned to profit, cash halved-plus
registry 2021-05-31; journal 2021 351479
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJAX FORLAG AS. Revenue 670.9k NOK → 1.25m NOK (+86.9%). Net result -141.6k NOK → +112.2k NOK. Equity 121.2k NOK → 233.3k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AJAX FORLAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 670.9k NOK to 1.25m NOK (+86.9% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 141.6k NOK to a profit of 112.2k NOK. Calculated
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Equity strengthened
Book equity 121.2k NOK → 233.3k NOK (equity ratio 170.0% → 23.8%). Calculated
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Payroll decreased
Salary cost 524.9k NOK → 445.2k NOK (78% → 36% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +285.5k NOK → +108.7k NOK (op. margin 42.5% → 8.7%). Calculated
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↓
Cash fell
Bank deposits 29.3k NOK → 13.0k NOK (-55.4% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 431.9k NOK → 438.3k NOK (+1.5% YoY). Calculated