ACC AS: årsregnskap 2020 vs 2019
Shrank 90% on revenue, weaker earnings, cash halved-plus
approved 2021-05-09; registry 2021-05-11; journal 2021 280912
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACC AS. Revenue 151.3k NOK → 15.4k NOK (-89.8%). Net result -18.6k NOK → -35.9k NOK. Equity 30.5k NOK → -4 716 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACC AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 151.3k NOK to 15.4k NOK (-89.8% YoY). Calculated
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Operating result weakened
Operating result -19.1k NOK → -40.3k NOK (op. margin -12.6% → -262.4%). Calculated
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↓
Net result weakened
Net result -18.6k NOK → -35.9k NOK (net margin -12.3% → -233.6%). Calculated
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↓
Equity eroded
Book equity 30.5k NOK → -4 716 NOK (equity ratio 51.2% → -3.8%). Calculated
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Cash fell
Bank deposits 46.1k NOK → 15.3k NOK (-66.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 100.0k NOK. Reported fact