ACCESS LÅSSPESIALISTEN AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-05-30; registry 2021-08-12; journal 2021 605709
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS LÅSSPESIALISTEN AS. Revenue 19.56m NOK → 21.36m NOK (+9.2%). Net result +268.5k NOK → +349.5k NOK. Equity 827.6k NOK → 177.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCESS LÅSSPESIALISTEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.56m NOK to 21.36m NOK (+9.2% YoY). Calculated
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Operating result improved
Operating result +321.2k NOK → +393.0k NOK (op. margin 1.6% → 1.8%). Calculated
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Net result improved
Net result +268.5k NOK → +349.5k NOK (net margin 1.4% → 1.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 827.6k NOK → 177.2k NOK (equity ratio 15.1% → 3.3%). Calculated
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↓
Cash fell
Bank deposits 1.80m NOK → 1.05m NOK (-41.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 6.87m NOK → 7.02m NOK (35% → 33% of revenue). Calculated
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COGS moved
COGS / varekostnad 7.81m NOK → 9.74m NOK (+24.8% YoY). Calculated