A2N HOLDING AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2021-05-31; registry 2021-06-26; journal 2021 477189
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A2N HOLDING AS. Revenue 312.5k NOK → 283.9k NOK (-9.1%). Net result -10.4k NOK → -99.4k NOK. Equity 6.92m NOK → 6.82m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A2N HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 312.5k NOK to 283.9k NOK (-9.1% YoY). Calculated
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Operating result weakened
Operating result +140.0k NOK → +111.7k NOK (op. margin 44.8% → 39.3%). Calculated
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Net result weakened
Net result -10.4k NOK → -99.4k NOK (net margin -3.3% → -35.0%). Calculated
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Equity eroded
Book equity 6.92m NOK → 6.82m NOK (equity ratio 53.7% → 53.3%). Calculated
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Cash fell
Bank deposits 2.04m NOK → 370.4k NOK (-81.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.04m NOK → 370.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 2.58m NOK → 1.95m NOK. Reported fact