FirmaIQ
Org.nr 988 964 778 2019 → 2020 Year-over-year analysis

AC MOWINCKEL HOLDING AS: årsregnskap 2020 vs 2019

Grew 336% on revenue, weaker earnings, cash halved-plus

approved 2021-08-11; registry 2021-08-19; journal 2021 631288

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AC MOWINCKEL HOLDING AS. Revenue 251.7k NOK → 1.10m NOK (+335.9%). Net result +4.15m NOK → +1.69m NOK. Equity 80.07m NOK → 77.76m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AC MOWINCKEL HOLDING AS.

At a glance

Scorecard

Revenue
251.7k NOK 1.10m NOK
+335.9%
Operating result
+2.78m NOK +459.5k NOK
-83.5%
Net result
+4.15m NOK +1.69m NOK
-59.2%
Equity
80.07m NOK 77.76m NOK
-2.9%
Cash
4.13m NOK 852.8k NOK
-79.4%
Total assets
82.34m NOK 82.03m NOK
-0.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 251.7k NOK to 1.10m NOK (+335.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +2.78m NOK → +459.5k NOK (op. margin 1105.2% → 41.9%). Calculated

  • ↓

    Net result weakened

    Net result +4.15m NOK → +1.69m NOK (net margin 1647.1% → 154.0%). Calculated

  • ↓

    Equity eroded

    Book equity 80.07m NOK → 77.76m NOK (equity ratio 97.2% → 94.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.13m NOK → 852.8k NOK (-79.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.13m NOK → 852.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation