ACCESS OSLO AS: årsregnskap 2020 vs 2019
Shrank 56% on revenue, slipped into loss, cash halved-plus
approved 2021-08-05; registry 2021-08-16; journal 2021 618204
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS OSLO AS. Revenue 12.82m NOK → 5.64m NOK (-56.0%). Net result +707.5k NOK → -313.5k NOK. Equity -6.11m NOK → -6.42m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS OSLO AS.
At a glance
Scorecard
What improved
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Current ratio back above 1×
Current ratio 0.04× → 1.03×. Calculated
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Payroll decreased
Salary cost 3.14m NOK → 2.13m NOK (24% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.82m NOK to 5.64m NOK (-56.0% YoY). Calculated
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Operating result weakened
Operating result +1.11m NOK → -117.1k NOK (op. margin 8.7% → -2.1%). Calculated
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Fell into a net loss
Net result flipped from 707.5k NOK profit to a loss of 313.5k NOK. Calculated
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↓
Equity eroded
Book equity -6.11m NOK → -6.42m NOK (equity ratio -369.6% → -371.0%). Calculated
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↓
Cash fell
Bank deposits 79.9k NOK → 19.5k NOK (-75.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -371.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.44m NOK → 1.27m NOK (-63.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 80.6k NOK → 105.6k NOK. Reported fact