A'HEAD EXECUTIVE AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, slipped into loss
approved 2021-02-25; registry 2021-06-14; journal 2021 313519
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A'HEAD EXECUTIVE AS. Revenue 5.24m NOK → 5.52m NOK (+5.4%). Net result +14.3k NOK → -154.7k NOK. Equity 260.1k NOK → 105.4k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A'HEAD EXECUTIVE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.24m NOK to 5.52m NOK (+5.4% YoY). Calculated
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↑
Cash rose
Bank deposits 286.8k NOK → 601.6k NOK (+109.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 40.2k NOK → 12.4k NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +17.9k NOK → -195.6k NOK (op. margin 0.3% → -3.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 14.3k NOK profit to a loss of 154.7k NOK. Calculated
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↓
Equity eroded
Book equity 260.1k NOK → 105.4k NOK (equity ratio 1216.3% → 9.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.20× → 0.96× — 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 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 171.9k NOK → 259.0k NOK (+50.7% YoY). Calculated