ACCOUNTABLE AS: årsregnskap 2020 vs 2019
Grew 151% on revenue, stronger earnings
approved 2021-04-19; registry 2021-05-04; journal 2021 215588
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCOUNTABLE AS. Revenue 362.4k NOK → 910.1k NOK (+151.2%). Net result +150.2k NOK → +866.4k NOK. Equity 11.17m NOK → 41.1k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACCOUNTABLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 362.4k NOK to 910.1k NOK (+151.2% YoY). Calculated
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↑
Net result improved
Net result +150.2k NOK → +866.4k NOK (net margin 41.5% → 95.2%). Calculated
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↑
Cash rose
Bank deposits 262.5k NOK → 264.6k NOK (+0.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +191.0k NOK → +111.1k NOK (op. margin 52.7% → 12.2%). Calculated
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↓
Equity eroded
Book equity 11.17m NOK → 41.1k NOK (equity ratio 3057.1% → 7.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 7.73m NOK (0% → 850% of revenue). Calculated