FirmaIQ
Org.nr 919 018 755 2019 → 2020 Year-over-year analysis

ACE NORWAY AS: årsregnskap 2020 vs 2019

Grew 13% on revenue, stronger earnings, cash halved-plus

approved 2021-12-20; registry 2021-12-27; journal 2021 904371

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACE NORWAY AS. Revenue 3.41m NOK → 3.87m NOK (+13.4%). Net result +1.62m NOK → +2.11m NOK. Equity 19.66m NOK → 21.76m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.41m NOK 3.87m NOK
+13.4%
Operating result
+1.69m NOK +2.11m NOK
+24.9%
Net result
+1.62m NOK +2.11m NOK
+29.8%
Equity
19.66m NOK 21.76m NOK
+10.7%
Cash
11.83m NOK 5.76m NOK
-51.3%
Total assets
28.00m NOK 22.62m NOK
-19.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.41m NOK to 3.87m NOK (+13.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.69m NOK → +2.11m NOK (op. margin 49.5% → 54.5%). Calculated

  • ↑

    Net result improved

    Net result +1.62m NOK → +2.11m NOK (net margin 47.6% → 54.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.66m NOK → 21.76m NOK (equity ratio 70.2% → 96.2%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 11.83m NOK → 5.76m NOK (-51.3% YoY). Calculated