A-CON AS: årsregnskap 2020 vs 2019
Shrank 72% on revenue, returned to profit
approved 2021-11-02; registry 2021-11-04; journal 2021 894892
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-CON AS. Revenue 6.92m NOK → 1.93m NOK (-72.1%). Net result -3.31m NOK → +551.4k NOK. Equity -12.0k NOK → 539.4k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A-CON AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 3.31m NOK to a profit of 551.4k NOK. Calculated
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↑
Equity strengthened
Book equity -12.0k NOK → 539.4k NOK (equity ratio -0.3% → 11.9%). Calculated
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↑
Cash rose
Bank deposits 11.7k NOK → 464.7k NOK (+3886.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.62m NOK → 1.71m NOK (52% → 89% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.92m NOK to 1.93m NOK (-72.1% YoY). Calculated
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↓
Operating result weakened
Operating result +3.13m NOK → +854.6k NOK (op. margin 45.3% → 44.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.82m NOK → 180.1k NOK (-93.6% YoY). Calculated