AC EXPERIENCE AS: årsregnskap 2020 vs 2019
Shrank 42% on revenue
approved 2021-06-30; registry 2021-09-30; journal 2021 835502
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC EXPERIENCE AS. Revenue 456.3k NOK → 266.5k NOK (-41.6%). Net result +17.3k NOK → +7 318 NOK. Equity 22.7k NOK → 30.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AC EXPERIENCE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 22.7k NOK → 30.0k NOK (equity ratio 8.4% → 18.6%). Calculated
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↑
Payroll decreased
Salary cost 216.8k NOK → 120.2k NOK (48% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 456.3k NOK to 266.5k NOK (-41.6% YoY). Calculated
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↓
Operating result weakened
Operating result +17.2k NOK → +7 261 NOK (op. margin 3.8% → 2.7%). Calculated
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↓
Net result weakened
Net result +17.3k NOK → +7 318 NOK (net margin 3.8% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 270.5k NOK → 161.3k NOK (-40.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 142.2k NOK → 65.9k NOK (-53.7% YoY). Calculated