A OK AS: årsregnskap 2020 vs 2019
Grew 2382% on revenue, stronger earnings, cash halved-plus
approved 2021-08-31; registry 2021-10-05; journal 2021 873730
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A OK AS. Revenue 652.3k NOK → 16.19m NOK (+2381.7%). Net result +1.02m NOK → +4.28m NOK. Equity 1 361 NOK → 2.41m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for A OK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 652.3k NOK to 16.19m NOK (+2381.7% YoY). Calculated
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Operating result improved
Operating result +1.55m NOK → +5.98m NOK (op. margin 237.0% → 37.0%). Calculated
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Net result improved
Net result +1.02m NOK → +4.28m NOK (net margin 157.0% → 26.4%). Calculated
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Equity strengthened
Book equity 1 361 NOK → 2.41m NOK (equity ratio 0.0% → 55.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 637.8k NOK → 28.2k NOK (-95.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.88× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 3.97m NOK → 98.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 40.7k NOK → 2.89m NOK (6% → 18% of revenue). Calculated
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COGS fell
COGS / varekostnad 751.8k NOK → 604.9k NOK (-19.5% YoY). Calculated