ACO NORDIC AS: årsregnskap 2020 vs 2019
Grew 40% on revenue, stronger earnings
approved 2021-05-26; registry 2021-07-05; journal 2021 442460
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACO NORDIC AS. Revenue 23.19m NOK → 32.40m NOK (+39.7%). Net result -3.01m NOK → -407.3k NOK. Equity 3.85m NOK → 3.83m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACO NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.19m NOK to 32.40m NOK (+39.7% YoY). Calculated
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Operating result improved
Operating result -3.61m NOK → -197.6k NOK (op. margin -15.6% → -0.6%). Calculated
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Net result improved
Net result -3.01m NOK → -407.3k NOK (net margin -13.0% → -1.3%). Calculated
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Cash rose
Bank deposits 301.9k NOK → 312.5k NOK (+3.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 21.28m NOK → 21.66m NOK (+384.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 3.85m NOK → 3.83m NOK (equity ratio 32.9% → 24.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 7.52m NOK → 7.66m NOK (32% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.39m NOK → 19.45m NOK (+45.3% YoY). Calculated