ACCA AS: årsregnskap 2020 vs 2019
Grew 13353% on revenue, returned to profit, cash halved-plus
approved 2021-05-26; registry 2021-06-21; journal 2021 448279
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCA AS. Revenue 58.0k NOK → 7.80m NOK (+13353.3%). Net result -1.66m NOK → +7.98m NOK. Equity 13.63m NOK → 21.61m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACCA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 58.0k NOK to 7.80m NOK (+13353.3% YoY). Calculated
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Operating result improved
Operating result -1.58m NOK → +7.58m NOK (op. margin -2717.7% → 97.1%). Calculated
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Turned profitable
Net result flipped from a loss of 1.66m NOK to a profit of 7.98m NOK. Calculated
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↑
Equity strengthened
Book equity 13.63m NOK → 21.61m NOK (equity ratio 99.7% → 78.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.73m NOK → 36.0k NOK (-98.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.73m NOK → 36.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation