AC-SUNCARE INSTITUTE AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, stronger earnings
approved 2021-08-29; registry 2021-08-31; journal 2021 701969
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC-SUNCARE INSTITUTE AS. Revenue 24.1k NOK → 22.0k NOK (-8.7%). Net result -44.5k NOK → -17.8k NOK. Equity -3.44m NOK → -3.46m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -44.6k NOK → -17.9k NOK (op. margin -184.6% → -81.1%). Calculated
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Net result improved
Net result -44.5k NOK → -17.8k NOK (net margin -184.5% → -80.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 24.1k NOK to 22.0k NOK (-8.7% YoY). Calculated
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↓
Equity eroded
Book equity -3.44m NOK → -3.46m NOK (equity ratio -2035.3% → -2340.2%). Calculated
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↓
Cash fell
Bank deposits 130.3k NOK → 109.1k NOK (-16.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2340.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 14.2k NOK → 6 167 NOK (-56.7% YoY). Calculated