A-TECH AS: årsregnskap 2020 vs 2019
Grew 145% on revenue, weaker earnings, fresh owner capital
approved 2021-08-28; registry 2021-10-12; journal 2021 805766
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-TECH AS. Revenue 6.71m NOK → 16.47m NOK (+145.4%). Net result +644.0k NOK → +3 764 NOK. Equity 895.3k NOK → 890.4k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.71m NOK to 16.47m NOK (+145.4% YoY). Calculated
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↑
Cash rose
Bank deposits 814.6k NOK → 3.06m NOK (+275.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.52× → 1.22×. Calculated
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Owners injected capital
Paid-in equity rose 21.8k NOK → 30.0k NOK (+8 166 NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +827.0k NOK → +12.5k NOK (op. margin 12.3% → 0.1%). Calculated
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↓
Net result weakened
Net result +644.0k NOK → +3 764 NOK (net margin 9.6% → 0.0%). Calculated
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↓
Equity eroded
Book equity 895.3k NOK → 890.4k NOK (equity ratio 361.4% → 19.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.21m NOK → 6.63m NOK (63% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 652.3k NOK → 664.0k NOK (+1.8% YoY). Calculated