ACE OPTIONS NORGE AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, stronger earnings
approved 2020-08-28; registry 2020-09-29; journal 2020 875189
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACE OPTIONS NORGE AS. Revenue 4.95m NOK → 4.45m NOK (-10.1%). Net result +39.0k NOK → +340.8k NOK. Equity -486.5k NOK → -145.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE OPTIONS NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +38.8k NOK → +350.1k NOK (op. margin 0.8% → 7.9%). Calculated
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↑
Net result improved
Net result +39.0k NOK → +340.8k NOK (net margin 0.8% → 7.7%). Calculated
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↑
Equity strengthened
Book equity -486.5k NOK → -145.7k NOK (equity ratio -83.3% → -21.5%). Calculated
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↑
Cash rose
Bank deposits 134.3k NOK → 546.7k NOK (+307.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.50m NOK → 1.15m NOK (30% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.95m NOK to 4.45m NOK (-10.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.93m NOK → 2.67m NOK (-8.7% YoY). Calculated