A.M. VIK & CO AS: årsregnskap 2020 vs 2019
Grew 9467% on revenue, returned to profit
approved 2021-08-20; registry 2021-08-23; journal 2021 671080
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.M. VIK & CO AS. Revenue 20.0k NOK → 1.91m NOK (+9467.5%). Net result -26.6k NOK → +225.2k NOK. Equity 13.16m NOK → 334.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A.M. VIK & CO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.0k NOK to 1.91m NOK (+9467.5% YoY). Calculated
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Operating result improved
Operating result -26.3k NOK → +202.2k NOK (op. margin -131.5% → 10.6%). Calculated
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Turned profitable
Net result flipped from a loss of 26.6k NOK to a profit of 225.2k NOK. Calculated
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Cash rose
Bank deposits 64.2k NOK → 399.5k NOK (+522.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.35× → 1.65×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.16m NOK → 334.0k NOK (equity ratio 1930.7% → 48.9%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 45.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 498.2k NOK → 106.2k NOK. Reported fact