GRUNDR AS: årsregnskap 2020 vs 2019
Grew 1697% on revenue, returned to profit
approved 2021-08-18; registry 2021-08-24; journal 2021 673190
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for GRUNDR AS. Revenue 62.8k NOK → 1.13m NOK (+1697.4%). Net result -87.9k NOK → +72.8k NOK. Equity 39.6k NOK → 8.11m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for GRUNDR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 62.8k NOK to 1.13m NOK (+1697.4% YoY). Calculated
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Operating result improved
Operating result +6 102 NOK → +85.3k NOK (op. margin 9.7% → 7.6%). Calculated
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Turned profitable
Net result flipped from a loss of 87.9k NOK to a profit of 72.8k NOK. Calculated
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Equity strengthened
Book equity 39.6k NOK → 8.11m NOK (equity ratio 32.9% → 2901.6%). Calculated
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Cash rose
Bank deposits 8 252 NOK → 9 571 NOK (+16.0% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 38.1k NOK → 7.19m NOK. Reported fact