FirmaIQ
Org.nr 984 648 324 2019 → 2020 Year-over-year analysis

ACINOR AS: årsregnskap 2020 vs 2019

Grew 52% on revenue, stronger earnings

approved 2021-03-30; registry 2021-04-13; journal 2021 190113

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACINOR AS. Revenue 46.20m NOK → 70.16m NOK (+51.9%). Net result +1.47m NOK → +2.30m NOK. Equity 11.95m NOK → 12.75m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACINOR AS.

At a glance

Scorecard

Revenue
46.20m NOK 70.16m NOK
+51.9%
Operating result
+1.77m NOK +2.82m NOK
+59.0%
Net result
+1.47m NOK +2.30m NOK
+56.2%
Equity
11.95m NOK 12.75m NOK
+6.7%
Cash
2.76m NOK 2.53m NOK
-8.4%
Total assets
23.12m NOK 29.47m NOK
+27.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 46.20m NOK to 70.16m NOK (+51.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.77m NOK → +2.82m NOK (op. margin 3.8% → 4.0%). Calculated

  • ↑

    Net result improved

    Net result +1.47m NOK → +2.30m NOK (net margin 3.2% → 3.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 11.95m NOK → 12.75m NOK (equity ratio 51.7% → 43.3%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 2.76m NOK → 2.53m NOK (-8.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.94m NOK → 3.17m NOK (6% → 5% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 38.32m NOK → 60.35m NOK (+57.5% YoY). Calculated