ACE GROUP AS: årsregnskap 2020 vs 2019
Grew 340% on revenue, stronger earnings
approved 2021-08-30; registry 2021-09-25; journal 2021 741243
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACE GROUP AS. Revenue 394 NOK → 1 734 NOK (+340.1%). Net result 0 NOK → +306.6k NOK. Equity 0 NOK → 12.34m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened.
Net constructive year on the published lines.
At a glance
Scorecard
Revenue
394 NOK
1 734 NOK
+340.1%
Operating result
n/m
+393.0k NOK
—
Net result
0 NOK
+306.6k NOK
—
Equity
0 NOK
12.34m NOK
—
Cash
n/m
24.4k NOK
—
Total assets
0 NOK
1.85m NOK
—
What improved
-
↑
Revenue rose
Operating income / revenue moved from 394 NOK to 1 734 NOK (+340.1% YoY). Calculated
-
↑
Net result improved
Net result 0 NOK → +306.6k NOK (net margin 0.0% → 17680.1%). Calculated
-
↑
Equity strengthened
Book equity 0 NOK → 12.34m NOK. Calculated
-
↑
Payroll decreased
Salary cost 3.44m NOK → 2 NOK (874292% → 0% of revenue). Calculated