ARENDALS FOSSEKOMPANI ASA: årsregnskap 2020 vs 2019
Grew 32951% on revenue, weaker earnings
approved 2021-05-06; registry 2021-07-10; journal 2021 462523
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ARENDALS FOSSEKOMPANI ASA. Revenue 211.4k NOK → 69.88m NOK (+32951.1%). Net result +46.72m NOK → +520.1k NOK. Equity 3.21bn NOK → 3.38bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ARENDALS FOSSEKOMPANI ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 211.4k NOK to 69.88m NOK (+32951.1% YoY). Calculated
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Equity strengthened
Book equity 3.21bn NOK → 3.38bn NOK (equity ratio 82.4% → 82.5%). Calculated
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Cash rose
Bank deposits 498.8k NOK → 765.6k NOK (+53.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 163.0k NOK → 167.8k NOK (+4 813 NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +120.46m NOK → -54.99m NOK (op. margin 56971.5% → -78.7%). Calculated
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↓
Net result weakened
Net result +46.72m NOK → +520.1k NOK (net margin 22095.3% → 0.7%). Calculated
Things to notice
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Payroll increased
Salary cost 38.84m NOK → 64.56m NOK (18369% → 92% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.63m NOK → 6.49m NOK (+78.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.13bn NOK → 2.17bn NOK. Reported fact