ACCURATE BUSINESS AS: årsregnskap 2020 vs 2019
Shrank 35% on revenue, weaker earnings
approved 2021-06-07; registry 2021-09-23; journal 2021 789141
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCURATE BUSINESS AS. Revenue 858.1k NOK → 558.8k NOK (-34.9%). Net result +223.4k NOK → +43.1k NOK. Equity 148.4k NOK → 191.5k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCURATE BUSINESS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 148.4k NOK → 191.5k NOK (equity ratio 63.2% → 72.9%). Calculated
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↑
Cash rose
Bank deposits 49.4k NOK → 99.3k NOK (+101.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 557.2k NOK → 46.5k NOK (65% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 858.1k NOK to 558.8k NOK (-34.9% YoY). Calculated
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↓
Operating result weakened
Operating result +282.8k NOK → +54.9k NOK (op. margin 33.0% → 9.8%). Calculated
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↓
Net result weakened
Net result +223.4k NOK → +43.1k NOK (net margin 26.0% → 7.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 65.4k NOK → 44.0k NOK (-32.7% YoY). Calculated