ACCESSIT AS: årsregnskap 2020 vs 2019
Grew 16637% on revenue, stronger earnings, fresh owner capital
approved 2021-06-11; registry 2021-07-14; journal 2021 483422
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESSIT AS. Revenue 3 350 NOK → 560.7k NOK (+16636.8%). Net result -1.11m NOK → -356.4k NOK. Equity -3.03m NOK → -3.04m 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; cogs moved. All figures are taken from the published annual accounts for ACCESSIT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3 350 NOK to 560.7k NOK (+16636.8% YoY). Calculated
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Operating result improved
Operating result -956.8k NOK → -201.5k NOK (op. margin -28560.7% → -35.9%). Calculated
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Net result improved
Net result -1.11m NOK → -356.4k NOK (net margin -33272.7% → -63.6%). Calculated
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Owners injected capital
Paid-in equity rose 99.0k NOK → 448.3k NOK (+349.3k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -3.03m NOK → -3.04m NOK (equity ratio -309.3% → -379.0%). Calculated
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↓
Cash fell
Bank deposits 58.2k NOK → 38.8k NOK (-33.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -379.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1 578 NOK → 76.4k NOK (+4741.9% YoY). Calculated