ACCOUNTIT AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-06-30; registry 2021-09-01; journal 2021 660408
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCOUNTIT AS. Revenue 1.70m NOK → 1.85m NOK (+8.9%). Net result +76.4k NOK → +111.9k NOK. Equity 148.6k NOK → 260.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCOUNTIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.70m NOK to 1.85m NOK (+8.9% YoY). Calculated
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↑
Net result improved
Net result +76.4k NOK → +111.9k NOK (net margin 4.5% → 6.0%). Calculated
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↑
Equity strengthened
Book equity 148.6k NOK → 260.5k NOK (equity ratio 0.0% → 33.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +98.0k NOK → +50.2k NOK (op. margin 5.8% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 400.7k NOK → 270.8k NOK (-32.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.29m NOK → 1.46m NOK (76% → 79% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 34.6k NOK → 241 NOK (-99.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 20.0k NOK → 1 500 NOK. Reported fact