ACCESS REHAB AS: årsregnskap 2020 vs 2019
Shrank 21% on revenue, weaker earnings
approved 2021-08-31; registry 2021-09-15; journal 2021 757398
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS REHAB AS. Revenue 518.6k NOK → 412.1k NOK (-20.5%). Net result +304.2k NOK → +132.8k NOK. Equity -549.0k NOK → -416.2k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS REHAB AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -549.0k NOK → -416.2k NOK (equity ratio -464.7% → -573.5%). Calculated
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↑
Cash rose
Bank deposits 23.8k NOK → 38.5k NOK (+61.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 313.7k NOK → 54.1k NOK (60% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 518.6k NOK to 412.1k NOK (-20.5% YoY). Calculated
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↓
Operating result weakened
Operating result +304.2k NOK → +132.8k NOK (op. margin 58.7% → 32.2%). Calculated
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↓
Net result weakened
Net result +304.2k NOK → +132.8k NOK (net margin 58.7% → 32.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -573.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation