FirmaIQ
Org.nr 922 129 347 2019 → 2020 Year-over-year analysis

ACFOTO AS: årsregnskap 2020 vs 2019

Shrank 62% on revenue, slipped into loss, cash halved-plus

approved 2021-05-04; registry 2021-05-06; journal 2021 267839

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACFOTO AS. Revenue 300.9k NOK → 112.9k NOK (-62.5%). Net result +130.9k NOK → -144.6k NOK. Equity 12.16m NOK → 12 NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACFOTO AS.

At a glance

Scorecard

Revenue
300.9k NOK 112.9k NOK
-62.5%
Operating result
+166.2k NOK -144.5k NOK
-187.0%
Net result
+130.9k NOK -144.6k NOK
-210.5%
Equity
12.16m NOK 12 NOK
-100.0%
Cash
172.6k NOK 42.7k NOK
-75.3%
Total assets
196.9k NOK 57.7k NOK
-70.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 300.9k NOK to 112.9k NOK (-62.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +166.2k NOK → -144.5k NOK (op. margin 55.2% → -128.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 130.9k NOK profit to a loss of 144.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 12.16m NOK → 12 NOK (equity ratio 6173.5% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 172.6k NOK → 42.7k NOK (-75.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation