A&C OSLO AS: årsregnskap 2020 vs 2019
Grew 234% on revenue, weaker earnings
approved 2021-03-26; registry 2021-06-08; journal 2021 262727
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A&C OSLO AS. Revenue 2 258 NOK → 7 540 NOK (+233.9%). Net result -859 NOK → -1.83m NOK. Equity 11.34m NOK → 10.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A&C OSLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 258 NOK to 7 540 NOK (+233.9% YoY). Calculated
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↑
Cash rose
Bank deposits 1 011 NOK → 172.0k NOK (+16912.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1 098 NOK → -2.28m NOK (op. margin -48.6% → -30238.7%). Calculated
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↓
Net result weakened
Net result -859 NOK → -1.83m NOK (net margin -38.0% → -24323.6%). Calculated
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↓
Equity eroded
Book equity 11.34m NOK → 10.3k NOK (equity ratio 249.6% → 0.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1059.01× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 341.0k NOK → 300.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1 705 NOK → 4.18m NOK (76% → 55477% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 749.0k NOK → 322.0k NOK (-57.0% YoY). Calculated