KONGSBERG AUTOMOTIVE ASA: årsregnskap 2020 vs 2019
Shrank 80% on revenue, slipped into loss, fresh owner capital
approved 2021-06-10; registry 2021-07-27; journal 2021 535294
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for KONGSBERG AUTOMOTIVE ASA. Revenue 10.50m NOK → 2.10m NOK (-80.0%). Net result +28.80m NOK → -10.70m NOK. Equity 366.1k NOK → 427.4k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 366.1k NOK → 427.4k NOK (equity ratio 48.7% → 54.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 230.3k NOK → 308.5k NOK (+78.2k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.50m NOK to 2.10m NOK (-80.0% YoY). Calculated
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↓
Operating result weakened
Operating result +4.25m NOK → -1.90m NOK (op. margin 40.5% → -90.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 28.80m NOK profit to a loss of 10.70m NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 250 NOK → 200.0k NOK (0% → 10% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 513.0k NOK → 295.40m NOK (+57482.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 720.2k NOK → 646.20m NOK. Reported fact