Org.nr 996 858 626 2019 → 2020 Year-over-year analysis

NOFENCE AS: årsregnskap 2020 vs 2019

Grew 104% on revenue, fresh owner capital

approved 2021-02-23; registry 2021-03-06; journal 2021 136084

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for NOFENCE AS. Revenue 13.02m NOK → 26.56m NOK (+104.0%). Equity 17.62m NOK → 33.75m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for NOFENCE AS.

At a glance

Revenue

13.02m NOK 26.56m NOK

+104.0%

Operating result

n/m -15.90m NOK

—

Net result

n/m -12.95m NOK

—

Equity

17.62m NOK 33.75m NOK

+91.5%

Cash

467.9k NOK 12.25m NOK

+2517.3%

Total assets

26.85m NOK 59.62m NOK

+122.1%

↑
Revenue rose

Operating income / revenue moved from 13.02m NOK to 26.56m NOK (+104.0% YoY). Calculated
↑
Equity strengthened

Book equity 17.62m NOK → 33.75m NOK (equity ratio 65.6% → 56.6%). Calculated
↑
Cash rose

Bank deposits 467.9k NOK → 12.25m NOK (+2517.3% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 34.17m NOK → 63.25m NOK (+29.08m NOK). Reported fact

·
Payroll increased

Salary cost 3.21m NOK → 7.30m NOK (25% → 27% of revenue). Calculated
·
COGS moved

COGS / varekostnad 11.11m NOK → 22.94m NOK (+106.5% YoY). Calculated