ACCON GROUP AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, weaker earnings
approved 2021-03-26; registry 2021-04-07; journal 2021 179366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCON GROUP AS. Revenue 6.51m NOK → 8.39m NOK (+28.9%). Net result +6.72m NOK → +3.86m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCON GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.51m NOK to 8.39m NOK (+28.9% YoY). Calculated
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↑
Cash rose
Bank deposits 286.8k NOK → 525.9k NOK (+83.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.72m NOK → +3.86m NOK (net margin 103.2% → 46.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.51m NOK → 6.70m NOK (69% → 80% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 17.3k NOK → 40.4k NOK (+133.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 89.14m NOK → 86.67m NOK. Reported fact