ACMOTECH AS: årsregnskap 2020 vs 2019
Grew 34% on revenue, weaker earnings
approved 2021-05-18; registry 2021-06-07; journal 2021 396841
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACMOTECH AS. Revenue 518.8k NOK → 695.1k NOK (+34.0%). Net result -308.3k NOK → -397.9k NOK. Equity -124.6k NOK → -522.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACMOTECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 518.8k NOK to 695.1k NOK (+34.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -309.8k NOK → -394.0k NOK (op. margin -59.7% → -56.7%). Calculated
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↓
Net result weakened
Net result -308.3k NOK → -397.9k NOK (net margin -59.4% → -57.2%). Calculated
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↓
Equity eroded
Book equity -124.6k NOK → -522.4k NOK (equity ratio -173.5% → -220.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -220.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 452.0k NOK → 6.46m NOK (87% → 929% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5 570 NOK → 1.21m NOK (+21647.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 16.0k NOK → 30.0k NOK. Reported fact