FirmaIQ
Org.nr 988 578 932 2019 → 2020 Year-over-year analysis

SMARTDOK AS: årsregnskap 2020 vs 2019

Grew 32% on revenue, stronger earnings

approved 16.03.2021; registry 13.07.2021; journal 2021 479873

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for SMARTDOK AS. Revenue 59.35m NOK → 78.44m NOK (+32.2%). Net result +8.36m NOK → +20.86m NOK. Equity 11.00m NOK → 31.85m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

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

At a glance

Scorecard

Revenue
59.35m NOK 78.44m NOK
+32.2%
Operating result
+15.82m NOK +28.70m NOK
+81.5%
Net result
+8.36m NOK +20.86m NOK
+149.4%
Equity
11.00m NOK 31.85m NOK
+189.6%
Cash
37.34m NOK 73.22m NOK
+96.1%
Total assets
48.96m NOK 83.72m NOK
+71.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 59.35m NOK to 78.44m NOK (+32.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +15.82m NOK → +28.70m NOK (op. margin 26.6% → 36.6%). Calculated

  • ↑

    Net result improved

    Net result +8.36m NOK → +20.86m NOK (net margin 14.1% → 26.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 11.00m NOK → 31.85m NOK (equity ratio 22.5% → 38.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 37.34m NOK → 73.22m NOK (+96.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 23.65m NOK → 29.81m NOK (40% → 38% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 7.75m NOK → 7.23m NOK (-6.8% YoY). Calculated