FirmaIQ
Org.nr 957 997 392 2019 → 2020 Year-over-year analysis

ACHILLES FINANS AS: årsregnskap 2020 vs 2019

Shrank 100% on revenue, slipped into loss

approved 2021-03-18; registry 2021-04-22; journal 2021 201719

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACHILLES FINANS AS. Revenue 127.5k NOK → 150 NOK (-99.9%). Net result +708.7k NOK → -652.4k NOK. Equity 4.05m NOK → 3.40m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACHILLES FINANS AS.

At a glance

Scorecard

Revenue
127.5k NOK 150 NOK
-99.9%
Operating result
+5 280 NOK +47.0k NOK
+790.9%
Net result
+708.7k NOK -652.4k NOK
-192.0%
Equity
4.05m NOK 3.40m NOK
-16.1%
Cash
16.9k NOK 46.3k NOK
+173.7%
Total assets
8.79m NOK 7.39m NOK
-15.9%

What improved

  • ↑

    Operating result improved

    Operating result +5 280 NOK → +47.0k NOK (op. margin 4.1% → 31358.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 16.9k NOK → 46.3k NOK (+173.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 127.5k NOK to 150 NOK (-99.9% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 708.7k NOK profit to a loss of 652.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 4.05m NOK → 3.40m NOK (equity ratio 46.1% → 46.0%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 760.4k NOK → 1.62m NOK. Reported fact