Org.nr 992 037 601 2019 → 2020 Year-over-year analysis

ACCENTURE AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue, cash halved-plus

approved 2020-12-14; registry 2021-02-01; journal 2021 111595

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCENTURE AS. Revenue 2.54bn NOK → 2.26bn NOK (-10.8%). Equity 290.79m NOK → 285.43m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ACCENTURE AS.

At a glance

Revenue

2.54bn NOK 2.26bn NOK

-10.8%

Operating result

n/m +64.40m NOK

—

Net result

n/m +59.64m NOK

—

Equity

290.79m NOK 285.43m NOK

-1.8%

Cash

125.52m NOK 47.69m NOK

-62.0%

Total assets

1.17bn NOK 964.35m NOK

-17.9%

↓
Revenue fell

Operating income / revenue moved from 2.54bn NOK to 2.26bn NOK (-10.8% YoY). Calculated
↓
Equity eroded

Book equity 290.79m NOK → 285.43m NOK (equity ratio 24.8% → 29.6%). Calculated
↓
Cash fell

Bank deposits 125.52m NOK → 47.69m NOK (-62.0% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 215.15m NOK → 1.16bn NOK (8% → 51% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (125.52m NOK → 47.69m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 813.32m NOK → 693.52m NOK (-14.7% YoY). Calculated