ACADEMICA MALERENTREPRENØREN AS: årsregnskap 2020 vs 2019
Grew 18% on revenue, stronger earnings
approved 2021-03-24; registry 2021-03-29; journal 2021 173852
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACADEMICA MALERENTREPRENØREN AS. Revenue 25.71m NOK → 30.29m NOK (+17.8%). Net result +2.61m NOK → +5.07m NOK. Equity 3.41m NOK → 3.08m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACADEMICA MALERENTREPRENØREN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 25.71m NOK to 30.29m NOK (+17.8% YoY). Calculated
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Operating result improved
Operating result +3.33m NOK → +6.50m NOK (op. margin 12.9% → 21.4%). Calculated
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Net result improved
Net result +2.61m NOK → +5.07m NOK (net margin 10.2% → 16.7%). Calculated
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Cash rose
Bank deposits 4.91m NOK → 8.67m NOK (+76.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.41m NOK → 3.08m NOK (equity ratio 36.1% → 24.4%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 190.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 8.73m NOK → 9.66m NOK (34% → 32% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.84m NOK → 11.27m NOK (+4.1% YoY). Calculated