A-TRACT AS: årsregnskap 2020 vs 2019
Grew 20% on revenue, stronger earnings
approved 2021-06-30; registry 2021-07-13; journal 2021 565897
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-TRACT AS. Revenue 1.91m NOK → 2.30m NOK (+20.0%). Net result -143.4k NOK → -41.1k NOK. Equity -17.6k NOK → -58.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-TRACT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.30m NOK (+20.0% YoY). Calculated
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Operating result improved
Operating result -139.1k NOK → -42.8k NOK (op. margin -7.3% → -1.9%). Calculated
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Net result improved
Net result -143.4k NOK → -41.1k NOK (net margin -7.5% → -1.8%). Calculated
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Cash rose
Bank deposits 310.8k NOK → 543.9k NOK (+75.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -17.6k NOK → -58.7k NOK (equity ratio -2.2% → -7.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 924.97× → 0.00× — 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 -7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.47m NOK → 1.69m NOK (77% → 73% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 108.9k NOK → 162.2k NOK (+48.9% YoY). Calculated