DONIA INTERNASJONAL MATVARER AS: årsregnskap 2020 vs 2019
Grew 40% on revenue, stronger earnings
approved 2021-01-15; registry 2021-06-21; journal 2021 449773
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for DONIA INTERNASJONAL MATVARER AS. Revenue 5.02m NOK → 7.02m NOK (+39.8%). Net result +60.0k NOK → +624.7k NOK. Equity 543.8k NOK → 168.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for DONIA INTERNASJONAL MATVARER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.02m NOK to 7.02m NOK (+39.8% YoY). Calculated
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Operating result improved
Operating result +77.3k NOK → +800.9k NOK (op. margin 1.5% → 11.4%). Calculated
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Net result improved
Net result +60.0k NOK → +624.7k NOK (net margin 1.2% → 8.9%). Calculated
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Cash rose
Bank deposits 358.1k NOK → 678.5k NOK (+89.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 543.8k NOK → 168.5k NOK (equity ratio 45.4% → 10.3%). Calculated
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Current ratio dropped below 1×
Current ratio 2.55× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.30m NOK → 1.35m NOK (26% → 19% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.08m NOK → 4.20m NOK (+36.3% YoY). Calculated