FirmaIQ
Org.nr 990 067 686 2019 → 2020 Year-over-year analysis

ACCRETION AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-06-25; registry 2021-07-05; journal 2021 530730

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCRETION AS. Revenue 1.87m NOK → 1.96m NOK (+4.9%). Net result +3.06m NOK → +3.98m NOK. Equity 17.14m NOK → 20.12m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCRETION AS.

At a glance

Scorecard

Revenue
1.87m NOK 1.96m NOK
+4.9%
Operating result
+895.8k NOK +917.7k NOK
+2.4%
Net result
+3.06m NOK +3.98m NOK
+29.9%
Equity
17.14m NOK 20.12m NOK
+17.4%
Cash
630.6k NOK 2.42m NOK
+283.4%
Total assets
17.65m NOK 21.57m NOK
+22.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.87m NOK to 1.96m NOK (+4.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +895.8k NOK → +917.7k NOK (op. margin 47.9% → 46.8%). Calculated

  • ↑

    Net result improved

    Net result +3.06m NOK → +3.98m NOK (net margin 163.6% → 202.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 17.14m NOK → 20.12m NOK (equity ratio 97.1% → 93.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 630.6k NOK → 2.42m NOK (+283.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3 NOK → 60.0k NOK. Reported fact