FirmaIQ
Org.nr 979 288 662 2019 → 2020 Year-over-year analysis

ACANE AS: årsregnskap 2020 vs 2019

Shrank 120% on revenue, slipped into loss, cash halved-plus

approved 2021-08-20; registry 2021-09-08; journal 2021 682091

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACANE AS. Revenue 30.80m NOK → -6.05m NOK (-119.6%). Net result +30.77m NOK → -6.47m NOK. Equity 4.15bn NOK → 4.14bn NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACANE AS.

At a glance

Scorecard

Revenue
30.80m NOK -6.05m NOK
-119.6%
Operating result
+30.20m NOK -6.91m NOK
-122.9%
Net result
+30.77m NOK -6.47m NOK
-121.0%
Equity
4.15bn NOK 4.14bn NOK
-0.2%
Cash
41.58m NOK 17.92m NOK
-56.9%
Total assets
148.74m NOK 142.05m NOK
-4.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 30.80m NOK to -6.05m NOK (-119.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +30.20m NOK → -6.91m NOK (op. margin 98.1% → 114.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 30.77m NOK profit to a loss of 6.47m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 4.15bn NOK → 4.14bn NOK (equity ratio 2788.9% → 2915.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 41.58m NOK → 17.92m NOK (-56.9% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 62.95m NOK → 57.32m NOK. Reported fact