ACK INVEST AS: årsregnskap 2020 vs 2019
Grew 1100% on revenue, returned to profit, cash halved-plus
approved 2021-05-05; registry 2021-05-27; journal 2021 326761
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACK INVEST AS. Revenue 13.0k NOK → 156.0k NOK (+1100.0%). Net result -30.4k NOK → +27.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACK INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.0k NOK to 156.0k NOK (+1100.0% YoY). Calculated
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Operating result improved
Operating result -37.1k NOK → +26.2k NOK (op. margin -285.3% → 16.8%). Calculated
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Turned profitable
Net result flipped from a loss of 30.4k NOK to a profit of 27.8k NOK. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.73m NOK → 425.0k NOK (-84.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 16.57× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.73m NOK → 425.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation