ACCESS 24/7 AS: årsregnskap 2020 vs 2019
Grew 57% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-04; journal 2021 873392
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS 24/7 AS. Revenue 1.86m NOK → 2.92m NOK (+57.1%). Net result +456.8k NOK → -68.0k NOK. Equity 7.41m NOK → 338.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCESS 24/7 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.86m NOK to 2.92m NOK (+57.1% YoY). Calculated
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↑
Cash rose
Bank deposits 650.1k NOK → 735.8k NOK (+13.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +646.0k NOK → +99.5k NOK (op. margin 34.7% → 3.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 456.8k NOK profit to a loss of 68.0k NOK. Calculated
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↓
Equity eroded
Book equity 7.41m NOK → 338.7k NOK (equity ratio 202.2% → 10.2%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 204.1k NOK → 402.3k NOK (+97.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 283.9k NOK → 258.8k NOK. Reported fact