AK. GRIEG NORGE AS: årsregnskap 2020 vs 2019
Shrank 23% on revenue, weaker earnings
approved 2021-04-26; registry 2021-05-18; journal 2021 294548
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK. GRIEG NORGE AS. Revenue 125.6k NOK → 96.3k NOK (-23.3%). Net result +34.5k NOK → +16.7k NOK. Equity -93.0k NOK → -76.3k NOK.
On the constructive side: equity strengthened; cash rose. 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 AK. GRIEG NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -93.0k NOK → -76.3k NOK (equity ratio -31.2% → -21.2%). Calculated
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↑
Cash rose
Bank deposits 257.9k NOK → 331.7k NOK (+28.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 125.6k NOK to 96.3k NOK (-23.3% YoY). Calculated
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↓
Operating result weakened
Operating result +32.7k NOK → +15.2k NOK (op. margin 26.0% → 15.8%). Calculated
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↓
Net result weakened
Net result +34.5k NOK → +16.7k NOK (net margin 27.5% → 17.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 18.7k NOK → 11.8k NOK (-36.7% YoY). Calculated