ACME BUSS AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, returned to profit
approved 2021-08-31; registry 2021-09-21; journal 2021 726136
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACME BUSS AS. Revenue 5.82m NOK → 5.00m NOK (-14.1%). Net result -568.7k NOK → +378.4k NOK. Equity -499.9k NOK → -121.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACME BUSS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -415.4k NOK → +532.1k NOK (op. margin -7.1% → 10.6%). Calculated
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Turned profitable
Net result flipped from a loss of 568.7k NOK to a profit of 378.4k NOK. Calculated
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Equity strengthened
Book equity -499.9k NOK → -121.6k NOK (equity ratio -12.8% → -3.2%). Calculated
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Cash rose
Bank deposits 75.1k NOK → 278.9k NOK (+271.5% YoY). Calculated
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Payroll decreased
Salary cost 3.15m NOK → 1.93m NOK (54% → 39% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.82m NOK to 5.00m NOK (-14.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 8.96× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 220.0k NOK → 2.14bn NOK (+973373.1% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 157.3k NOK → 93.3k NOK. Reported fact