NORMARK IO AS: årsregnskap 2020 vs 2019
Grew 198% on revenue, weaker earnings, cash halved-plus
registry 2021-06-15; journal 2021 427694
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORMARK IO AS. Revenue 344.5k NOK → 1.03m NOK (+197.8%). Net result +301.7k NOK → +66.1k NOK. Equity 285.3k NOK → 289.3k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORMARK IO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 344.5k NOK to 1.03m NOK (+197.8% YoY). Calculated
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↑
Equity strengthened
Book equity 285.3k NOK → 289.3k NOK (equity ratio 42.7% → 44.9%). Calculated
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↑
Payroll decreased
Salary cost 742.56bn NOK → 5 000 NOK (215561791% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +388.8k NOK → +133.4k NOK (op. margin 112.9% → 13.0%). Calculated
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↓
Net result weakened
Net result +301.7k NOK → +66.1k NOK (net margin 87.6% → 6.4%). Calculated
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↓
Cash fell
Bank deposits 543.9k NOK → 265.8k NOK (-51.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 16.2k NOK → 1 350 NOK. Reported fact