FirmaIQ
Org.nr 945 274 476 2019 → 2020 Year-over-year analysis

ACCOUNT-IT AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-07-03; registry 2021-07-26; journal 2021 536257

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCOUNT-IT AS. Revenue 14.92m NOK → 15.04m NOK (+0.8%). Net result +615.9k NOK → +945.0k NOK. Equity 3.06m NOK → 4.00m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCOUNT-IT AS.

At a glance

Scorecard

Revenue
14.92m NOK 15.04m NOK
+0.8%
Operating result
+734.9k NOK +1 183 NOK
-99.8%
Net result
+615.9k NOK +945.0k NOK
+53.4%
Equity
3.06m NOK 4.00m NOK
+30.9%
Cash
3.53m NOK 5.57m NOK
+57.7%
Total assets
6.69m NOK 7.63m NOK
+14.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.92m NOK to 15.04m NOK (+0.8% YoY). Calculated

  • ↑

    Net result improved

    Net result +615.9k NOK → +945.0k NOK (net margin 4.1% → 6.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.06m NOK → 4.00m NOK (equity ratio 45.7% → 52.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.53m NOK → 5.57m NOK (+57.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +734.9k NOK → +1 183 NOK (op. margin 4.9% → 0.0%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 296.9k NOK → 169.3k NOK (-43.0% YoY). Calculated