AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2020 vs 2019
Shrank 28% on revenue, weaker earnings
approved 2021-05-26; registry 2021-06-19; journal 2021 355159
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 37.83m NOK → 27.23m NOK (-28.0%). Net result -1.73m NOK → -2.26m NOK. Equity 3.99m NOK → 1.73m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 10.12m NOK → 9.47m NOK (27% → 35% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 37.83m NOK to 27.23m NOK (-28.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -1.70m NOK → -2.23m NOK (op. margin -4.5% → -8.2%). Calculated
-
↓
Net result weakened
Net result -1.73m NOK → -2.26m NOK (net margin -4.6% → -8.3%). Calculated
-
↓
Equity eroded
Book equity 3.99m NOK → 1.73m NOK (equity ratio 55.3% → 23.7%). Calculated
-
↓
Cash fell
Bank deposits 3.62m NOK → 1.82m NOK (-49.5% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 25.34m NOK → 16.50m NOK (-34.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 528.0k NOK → 471.7k NOK. Reported fact