ACCELERATE AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue, slipped into loss, cash halved-plus
approved 2021-02-02; registry 2021-03-23; journal 2021 161812
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCELERATE AS. Revenue 11.60m NOK → 8.61m NOK (-25.8%). Net result +835.5k NOK → -349.3k NOK. Equity 2.00m NOK → 1.65m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ACCELERATE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.29m NOK → 2.67m NOK (28% → 31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.60m NOK to 8.61m NOK (-25.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.08m NOK → -442.1k NOK (op. margin 9.3% → -5.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 835.5k NOK profit to a loss of 349.3k NOK. Calculated
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↓
Equity eroded
Book equity 2.00m NOK → 1.65m NOK (equity ratio 39.2% → 80.6%). Calculated
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↓
Cash fell
Bank deposits 3.65m NOK → 161.4k NOK (-95.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.65m NOK → 161.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 441.5k NOK → 82.9k NOK (-81.2% YoY). Calculated