FirmaIQ
Org.nr 981 097 084 2019 → 2020 Year-over-year analysis

ACANTHUS UTVIKLING AS: årsregnskap 2020 vs 2019

Shrank 48% on revenue, weaker earnings, fresh owner capital

registry 2021-04-13; journal 2021 190123

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACANTHUS UTVIKLING AS. Revenue 11.94m NOK → 6.19m NOK (-48.2%). Net result +6.99m NOK → +4.70m NOK. Equity 65.43m NOK → 60.38m NOK.

On the constructive side: cash rose; owners injected capital. 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 ACANTHUS UTVIKLING AS.

At a glance

Scorecard

Revenue
11.94m NOK 6.19m NOK
-48.2%
Operating result
+6.64m NOK +1.20m NOK
-81.9%
Net result
+6.99m NOK +4.70m NOK
-32.7%
Equity
65.43m NOK 60.38m NOK
-7.7%
Cash
10.66m NOK 10.69m NOK
+0.3%
Total assets
81.10m NOK 77.21m NOK
-4.8%

What improved

  • ↑

    Cash rose

    Bank deposits 10.66m NOK → 10.69m NOK (+0.3% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 7.01m NOK → 15.27m NOK (+8.26m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.94m NOK to 6.19m NOK (-48.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.64m NOK → +1.20m NOK (op. margin 55.6% → 19.4%). Calculated

  • ↓

    Net result weakened

    Net result +6.99m NOK → +4.70m NOK (net margin 58.5% → 75.9%). Calculated

  • ↓

    Equity eroded

    Book equity 65.43m NOK → 60.38m NOK (equity ratio 80.7% → 78.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 743.1k NOK → 1.65m NOK (6% → 27% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 273.7k NOK → 26.8k NOK (-90.2% YoY). Calculated