ACO ANLEGG AS: årsregnskap 2020 vs 2019
Grew 56% on revenue, stronger earnings, cash halved-plus
approved 2021-05-07; registry 2021-06-16; journal 2021 332661
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACO ANLEGG AS. Revenue 133.83m NOK → 208.20m NOK (+55.6%). Net result +4.64m NOK → +5.81m NOK. Equity 23.39m NOK → 27.21m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACO ANLEGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 133.83m NOK to 208.20m NOK (+55.6% YoY). Calculated
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Operating result improved
Operating result +6.39m NOK → +7.94m NOK (op. margin 4.8% → 3.8%). Calculated
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Net result improved
Net result +4.64m NOK → +5.81m NOK (net margin 3.5% → 2.8%). Calculated
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Equity strengthened
Book equity 23.39m NOK → 27.21m NOK (equity ratio 32.1% → 22.0%). Calculated
What deteriorated
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Cash fell
Bank deposits 15.83m NOK → 1.37m NOK (-91.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (15.83m NOK → 1.37m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 26.14m NOK → 32.64m NOK (20% → 16% of revenue). Calculated
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COGS moved
COGS / varekostnad 78.52m NOK → 141.04m NOK (+79.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 34.3k NOK → 4.91m NOK. Reported fact