ACCENTURE SERVICES AS: årsregnskap 2020 vs 2019
Shrank 55% on revenue, stronger earnings
approved 2020-12-14; registry 2021-01-25; journal 2021 109097
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCENTURE SERVICES AS. Revenue 25.76m NOK → 11.54m NOK (-55.2%). Net result +6 NOK → +689.7k NOK. Equity 3.74m NOK → 1.43m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCENTURE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +6 NOK → +689.7k NOK (net margin 0.0% → 6.0%). Calculated
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Payroll decreased
Salary cost 22.08m NOK → 9.39m NOK (86% → 81% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.76m NOK to 11.54m NOK (-55.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.82m NOK → +940.7k NOK (op. margin 7.1% → 8.2%). Calculated
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↓
Equity eroded
Book equity 3.74m NOK → 1.43m NOK (equity ratio 23.2% → 19.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 903.3k NOK → 715.8k NOK (-20.8% YoY). Calculated