+BYGG AS: årsregnskap 2020 vs 2019
Shrank 77% on revenue, weaker earnings
approved 2021-09-30; registry 2021-10-04; journal 2021 868652
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for +BYGG AS. Revenue 644.6k NOK → 146.2k NOK (-77.3%). Net result -28.8k NOK → -319.5k NOK. Equity 1 207 NOK → -318.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for +BYGG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 136.7k NOK → 339.0k NOK (+148.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 644.6k NOK to 146.2k NOK (-77.3% YoY). Calculated
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↓
Operating result weakened
Operating result -16.9k NOK → -289.9k NOK (op. margin -2.6% → -198.3%). Calculated
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↓
Net result weakened
Net result -28.8k NOK → -319.5k NOK (net margin -4.5% → -218.6%). Calculated
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↓
Equity eroded
Book equity 1 207 NOK → -318.3k NOK (equity ratio 0.2% → -64.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.38× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -64.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 332.7k NOK → 1 174 NOK (-99.6% YoY). Calculated