ACOUSTIC TUNING AS: årsregnskap 2020 vs 2019
Grew 37% on revenue
registry 2021-10-05; journal 2021 873818
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACOUSTIC TUNING AS. Revenue 4.36m NOK → 6.00m NOK (+37.4%). Net result -424.0k NOK → -368.5k NOK. Equity 1 108 NOK → -238.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACOUSTIC TUNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.36m NOK to 6.00m NOK (+37.4% YoY). Calculated
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Operating result improved
Operating result -349.9k NOK → -244.7k NOK (op. margin -8.0% → -4.1%). Calculated
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Net result improved
Net result -424.0k NOK → -368.5k NOK (net margin -9.7% → -6.1%). Calculated
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Cash rose
Bank deposits 67.3k NOK → 270.1k NOK (+301.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 1.00× → 6.36×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1 108 NOK → -238.5k NOK (equity ratio 0.1% → -7.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 3.25m NOK → 5.14m NOK (+57.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 111.8k NOK → 229.7k NOK. Reported fact