FirmaIQ
Org.nr 915 698 298 2019 → 2020 Year-over-year analysis

ACCON EIENDOM AS: årsregnskap 2020 vs 2019

Grew 109055% on revenue, stronger earnings

approved 2021-04-30; registry 2021-06-29; journal 2021 418353

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCON EIENDOM AS. Revenue 1 420 NOK → 1.55m NOK (+109055.2%). Net result +109.5k NOK → +255.9k NOK. Equity 4.14m NOK → 395.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCON EIENDOM AS.

At a glance

Scorecard

Revenue
1 420 NOK 1.55m NOK
+109055.2%
Operating result
+808.4k NOK +888.8k NOK
+9.9%
Net result
+109.5k NOK +255.9k NOK
+133.8%
Equity
4.14m NOK 395.4k NOK
-90.4%
Cash
392.0k NOK 595.3k NOK
+51.9%
Total assets
16.99m NOK 16.89m NOK
-0.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 420 NOK to 1.55m NOK (+109055.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +808.4k NOK → +888.8k NOK (op. margin 56929.2% → 57.3%). Calculated

  • ↑

    Net result improved

    Net result +109.5k NOK → +255.9k NOK (net margin 7708.2% → 16.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 392.0k NOK → 595.3k NOK (+51.9% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.44× → 9.04×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 4.14m NOK → 395.4k NOK (equity ratio 24.4% → 2.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation