FirmaIQ
Org.nr 915 515 789 2019 → 2020 Year-over-year analysis

STRANDA GJENVINNING & TRANSPORT AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, stronger earnings

approved 2021-08-19; registry 2021-09-07; journal 2021 680877

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for STRANDA GJENVINNING & TRANSPORT AS. Revenue 31.96m NOK → 28.09m NOK (-12.1%). Net result +75.4k NOK → +8.82m NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for STRANDA GJENVINNING & TRANSPORT AS.

At a glance

Scorecard

Revenue
31.96m NOK 28.09m NOK
-12.1%
Operating result
+131.8k NOK +59.5k NOK
-54.9%
Net result
+75.4k NOK +8.82m NOK
+11592.4%
Cash
1.62m NOK 2.43m NOK
+49.9%
Total assets
11.18m NOK 10.93m NOK
-2.3%

What improved

  • ↑

    Net result improved

    Net result +75.4k NOK → +8.82m NOK (net margin 0.2% → 31.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.62m NOK → 2.43m NOK (+49.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 31.96m NOK to 28.09m NOK (-12.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +131.8k NOK → +59.5k NOK (op. margin 0.4% → 0.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.99m NOK → 5.78m NOK (16% → 21% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 19.10m NOK → 13.01m NOK (-31.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 81.9k NOK → 86.4k NOK. Reported fact