STRONGPOINT ASA: årsregnskap 2020 vs 2019
Shrank 15% on revenue, weaker earnings
approved 2021-04-28; registry 2021-05-31; journal 2021 355227
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for STRONGPOINT ASA. Revenue 17.16m NOK → 14.51m NOK (-15.5%). Net result +31.87m NOK → +20.66m NOK. Equity 281.0k NOK → 272.42m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for STRONGPOINT ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -16.56m NOK → -13.49m NOK (op. margin -96.5% → -93.0%). Calculated
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Equity strengthened
Book equity 281.0k NOK → 272.42m NOK (equity ratio 53.2% → 51.7%). Calculated
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Cash rose
Bank deposits 39.50m NOK → 75.01m NOK (+89.9% YoY). Calculated
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Owners injected capital
Paid-in equity rose 27.41m NOK → 27.46m NOK (+55.0k NOK). Reported fact
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Payroll decreased
Salary cost 15.72m NOK → 14.21m NOK (92% → 98% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 17.16m NOK to 14.51m NOK (-15.5% YoY). Calculated
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Net result weakened
Net result +31.87m NOK → +20.66m NOK (net margin 185.7% → 142.4%). Calculated
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Current ratio dropped below 1×
Current ratio 474.10× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 12.58m NOK → 12.64m NOK (+0.5% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 410.2k NOK → 401.01m NOK. Reported fact