Org.nr 980 430 596 2019 → 2020 Year-over-year analysis

ACHILLES INFORMATION AS: årsregnskap 2020 vs 2019

A steady year on the published lines

approved 2020-12-04; registry 2020-12-21; journal 2020 976105

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACHILLES INFORMATION AS. Revenue 90.87m NOK → 91.64m NOK (+0.9%). Equity 38.62m NOK → 11.55m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

90.87m NOK 91.64m NOK

+0.9%

Operating result

n/m +9.95m NOK

—

Net result

n/m +5.99m NOK

—

Equity

38.62m NOK 11.55m NOK

-70.1%

Cash

6.51m NOK 5.02m NOK

-22.9%

Total assets

110.13m NOK 129.91m NOK

+18.0%

↑
Revenue rose

Operating income / revenue moved from 90.87m NOK to 91.64m NOK (+0.9% YoY). Calculated

↓
Equity eroded

Book equity 38.62m NOK → 11.55m NOK (equity ratio 35.1% → 8.9%). Calculated
↓
Cash fell

Bank deposits 6.51m NOK → 5.02m NOK (-22.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation