FirmaIQ
Org.nr 920 175 856 2019 → 2020 Year-over-year analysis

ACE AGENCY AS: årsregnskap 2020 vs 2019

Shrank 6% on revenue, weaker earnings

approved 2021-08-14; registry 2021-09-23; journal 2021 787021

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACE AGENCY AS. Revenue 274.7k NOK → 259.4k NOK (-5.6%). Net result +65.7k NOK → +469 NOK. Equity 103.4k NOK → 103.9k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
274.7k NOK 259.4k NOK
-5.6%
Operating result
+88.7k NOK +2 077 NOK
-97.7%
Net result
+65.7k NOK +469 NOK
-99.3%
Equity
103.4k NOK 103.9k NOK
+0.5%
Cash
104.3k NOK 99.4k NOK
-4.7%
Total assets
118.3k NOK 121.5k NOK
+2.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 274.7k NOK to 259.4k NOK (-5.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +88.7k NOK → +2 077 NOK (op. margin 32.3% → 0.8%). Calculated

  • ↓

    Net result weakened

    Net result +65.7k NOK → +469 NOK (net margin 23.9% → 0.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 104.3k NOK → 99.4k NOK (-4.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 31.9k NOK → 92.6k NOK (12% → 36% of revenue). Calculated