AC DESIGN AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-03-20; registry 2021-03-24; journal 2021 166991
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC DESIGN AS. Revenue 1.70m NOK → 1.75m NOK (+2.9%). Net result +62.0k NOK → -59.5k NOK. Equity 583.6k NOK → 524.1k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AC DESIGN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.70m NOK to 1.75m NOK (+2.9% YoY). Calculated
-
↑
Cash rose
Bank deposits 506.2k NOK → 643.5k NOK (+27.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 552.4k NOK → 477.6k NOK (33% → 27% of revenue). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 62.0k NOK profit to a loss of 59.5k NOK. Calculated
-
↓
Equity eroded
Book equity 583.6k NOK → 524.1k NOK (equity ratio 75.7% → 987.7%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 646.9k NOK → 808.4k NOK (+25.0% YoY). Calculated