ACOM ELEKTRO AS: årsregnskap 2020 vs 2019
Grew 36% on revenue, weaker earnings
approved 2021-02-09; registry 2021-02-22; journal 2021 120789
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACOM ELEKTRO AS. Revenue 5.99m NOK → 8.13m NOK (+35.6%). Net result +5.50m NOK → +30.6k NOK. Equity 998.0k NOK → 228.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: 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 ACOM ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.99m NOK to 8.13m NOK (+35.6% YoY). Calculated
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Operating result improved
Operating result +55.3k NOK → +1.32m NOK (op. margin 0.9% → 16.3%). Calculated
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Cash rose
Bank deposits 328.6k NOK → 2.51m NOK (+663.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +5.50m NOK → +30.6k NOK (net margin 91.8% → 0.4%). Calculated
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↓
Equity eroded
Book equity 998.0k NOK → 228.6k NOK (equity ratio 35.8% → 6.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.54m NOK → 3.39m NOK (42% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 811.0k NOK → 2.68m NOK (+230.6% YoY). Calculated