ACKS AS: årsregnskap 2020 vs 2019
Grew 824% on revenue, weaker earnings, cash halved-plus
approved 2021-08-02; registry 2021-08-30; journal 2021 699734
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACKS AS. Revenue 38.0k NOK → 350.6k NOK (+823.8%). Net result +572.6k NOK → +141.8k NOK. Equity 4.60m NOK → 1.29m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACKS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 38.0k NOK to 350.6k NOK (+823.8% YoY). Calculated
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↑
Operating result improved
Operating result +26.5k NOK → +331.2k NOK (op. margin 69.9% → 94.5%). Calculated
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↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 655.6k NOK (+555.6k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +572.6k NOK → +141.8k NOK (net margin 1508.7% → 40.5%). Calculated
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↓
Equity eroded
Book equity 4.60m NOK → 1.29m NOK (equity ratio 674.7% → 2512.5%). Calculated
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↓
Cash fell
Bank deposits 419.3k NOK → 35.1k NOK (-91.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 12.0k NOK → 3.82m NOK. Reported fact