Org.nr 997 952 332 2019 → 2020 Year-over-year analysis

ACHIEVA AS: årsregnskap 2020 vs 2019

Shrank 60% on revenue, cash halved-plus

approved 2021-08-17; registry 2021-09-09; journal 2021 689488

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACHIEVA AS. Revenue 2.01m NOK → 795.6k NOK (-60.4%). Equity 2.08m NOK → 2.08m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACHIEVA AS.

At a glance

Revenue

2.01m NOK 795.6k NOK

-60.4%

Operating result

+1.54m NOK +639.6k NOK

-58.5%

Net result

n/m +494.5k NOK

—

Equity

2.08m NOK 2.08m NOK

-0.3%

Cash

1.02m NOK 42.2k NOK

-95.9%

Total assets

2.47m NOK 2.24m NOK

-9.3%

↓
Revenue fell

Operating income / revenue moved from 2.01m NOK to 795.6k NOK (-60.4% YoY). Calculated
↓
Operating result weakened

Operating result +1.54m NOK → +639.6k NOK (op. margin 76.7% → 80.4%). Calculated
↓
Equity eroded

Book equity 2.08m NOK → 2.08m NOK (equity ratio 84.2% → 92.6%). Calculated
↓
Cash fell

Bank deposits 1.02m NOK → 42.2k NOK (-95.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 NOK → 24.2k NOK (0% → 3% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.02m NOK → 42.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation