ACESHOP AS: årsregnskap 2020 vs 2019
Shrank 71% on revenue, stronger earnings
approved 2021-03-01; registry 2021-06-05; journal 2021 258700
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACESHOP AS. Revenue 621.0k NOK → 179.6k NOK (-71.1%). Net result +43.2k NOK → +5.27m NOK. Equity 21.1k NOK → 5.29m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACESHOP AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +43.2k NOK → +5.27m NOK (net margin 7.0% → 2935.2%). Calculated
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Equity strengthened
Book equity 21.1k NOK → 5.29m NOK (equity ratio 12.9% → 1083.3%). Calculated
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Cash rose
Bank deposits 451 NOK → 264.1k NOK (+58448.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 621.0k NOK to 179.6k NOK (-71.1% YoY). Calculated
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↓
Operating result weakened
Operating result +42.8k NOK → +71 NOK (op. margin 6.9% → 0.0%). Calculated
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Payroll up without matching revenue
Salary cost 1 NOK → 23.2k NOK (0% → 13% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 497.4k NOK → 2 428 NOK (-99.5% YoY). Calculated