ACCESS HOLDING AS: årsregnskap 2020 vs 2019
Shrank 77% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-02; journal 2021 841184
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS HOLDING AS. Revenue 499.4k NOK → 114.4k NOK (-77.1%). Net result 0 NOK → +92.4k NOK. Equity -321.8k NOK → -229.4k NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACCESS HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result 0 NOK → +92.4k NOK (net margin 0.0% → 80.8%). Calculated
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Equity strengthened
Book equity -321.8k NOK → -229.4k NOK (equity ratio -471.0% → -15821.2%). Calculated
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Payroll decreased
Salary cost 11.4k NOK → 737 NOK (2% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 499.4k NOK to 114.4k NOK (-77.1% YoY). Calculated
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↓
Operating result weakened
Operating result +431.6k NOK → +92.4k NOK (op. margin 86.4% → 80.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15821.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 30.2k NOK → 6 348 NOK (-79.0% YoY). Calculated