ACE GOLF AS: årsregnskap 2020 vs 2019
Grew 18283% on revenue, returned to profit
approved 2021-04-28; registry 2021-07-06; journal 2021 448973
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACE GOLF AS. Revenue 57.6k NOK → 10.58m NOK (+18282.6%). Net result -38.4k NOK → +609.6k NOK. Equity 875.4k NOK → 1.48m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 57.6k NOK to 10.58m NOK (+18282.6% YoY). Calculated
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Operating result improved
Operating result -49.6k NOK → +796.9k NOK (op. margin -86.3% → 7.5%). Calculated
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Turned profitable
Net result flipped from a loss of 38.4k NOK to a profit of 609.6k NOK. Calculated
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Equity strengthened
Book equity 875.4k NOK → 1.48m NOK (equity ratio 63.8% → 61.0%). Calculated
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Cash rose
Bank deposits 371.0k NOK → 612.2k NOK (+65.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.79m NOK → 2.23m NOK (3115% → 21% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.43m NOK → 6.61m NOK (+49.4% YoY). Calculated