ACCELERATE BRANDS AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, stronger earnings
approved 2021-07-05; registry 2021-07-27; journal 2021 541857
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCELERATE BRANDS AS. Revenue 49.03m NOK → 52.91m NOK (+7.9%). Net result +629.9k NOK → +2.30m NOK. Equity 10.25m NOK → 11.39m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCELERATE BRANDS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 49.03m NOK to 52.91m NOK (+7.9% YoY). Calculated
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Net result improved
Net result +629.9k NOK → +2.30m NOK (net margin 1.3% → 4.4%). Calculated
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Equity strengthened
Book equity 10.25m NOK → 11.39m NOK (equity ratio 44.7% → 36.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.40m NOK → +1.18m NOK (op. margin 2.8% → 2.2%). Calculated
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↓
Cash fell
Bank deposits 2.76m NOK → 1.62m NOK (-41.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.16× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 46.89m NOK → 50.19m NOK (+7.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.79m NOK → 10.46m NOK. Reported fact