AKERSHUS - ØSTFOLD ELEKTRO AS: årsregnskap 2020 vs 2019
Grew 14% on revenue, stronger earnings
approved 2021-04-23; registry 2021-06-22; journal 2021 379838
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS - ØSTFOLD ELEKTRO AS. Revenue 7.08m NOK → 8.09m NOK (+14.2%). Net result +1.24m NOK → +1.61m NOK. Equity 1.48m NOK → 1.59m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS - ØSTFOLD ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.08m NOK to 8.09m NOK (+14.2% YoY). Calculated
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↑
Operating result improved
Operating result +1.58m NOK → +2.07m NOK (op. margin 22.4% → 25.5%). Calculated
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↑
Net result improved
Net result +1.24m NOK → +1.61m NOK (net margin 17.5% → 19.9%). Calculated
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↑
Equity strengthened
Book equity 1.48m NOK → 1.59m NOK (equity ratio 32.3% → 24.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 278.4k NOK → 174.8k NOK (-37.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.07m NOK → 2.40m NOK (29% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.74m NOK → 2.90m NOK (+6.0% YoY). Calculated