ACES CUSTOMS AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue
approved 2021-05-25; registry 2021-06-16; journal 2021 431782
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACES CUSTOMS AS. Revenue 1.43m NOK → 1.33m NOK (-6.9%). Net result -3 333 NOK → -7 797 NOK. Equity 715.9k NOK → 708.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACES CUSTOMS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 70.5k NOK → 252.7k NOK (+258.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.43m NOK to 1.33m NOK (-6.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +35.0k NOK → +6 513 NOK (op. margin 2.4% → 0.5%). Calculated
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↓
Net result weakened
Net result -3 333 NOK → -7 797 NOK (net margin -0.2% → -0.6%). Calculated
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↓
Equity eroded
Book equity 715.9k NOK → 708.1k NOK (equity ratio 72.9% → 312.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 485.4k NOK → 741.3k NOK (34% → 56% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 250.0k NOK → 65.0k NOK (-74.0% YoY). Calculated