ACORN VANNRENS AS: årsregnskap 2020 vs 2019
Grew 105% on revenue, weaker earnings
approved 2021-05-19; registry 2021-07-03; journal 2021 437146
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACORN VANNRENS AS. Revenue 695.4k NOK → 1.42m NOK (+104.8%). Net result +967.8k NOK → +305.8k NOK. Equity 12.25m NOK → 11.55m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACORN VANNRENS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 695.4k NOK to 1.42m NOK (+104.8% YoY). Calculated
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↑
Operating result improved
Operating result +1 239 NOK → +346.6k NOK (op. margin 0.2% → 24.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +967.8k NOK → +305.8k NOK (net margin 139.2% → 21.5%). Calculated
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↓
Equity eroded
Book equity 12.25m NOK → 11.55m NOK (equity ratio 1398.2% → 1245.2%). Calculated
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↓
Cash fell
Bank deposits 611.8k NOK → 319.8k NOK (-47.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 934.9k NOK → 286.6k NOK (-69.3% YoY). Calculated