ACPH AS: årsregnskap 2020 vs 2019
Grew 42% on revenue, slipped into loss, cash halved-plus
approved 2021-07-21; registry 2021-07-24; journal 2021 588990
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACPH AS. Revenue 265.5k NOK → 377.2k NOK (+42.1%). Net result +278.5k NOK → -560.3k NOK. Equity -200.4k NOK → -760.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACPH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 265.5k NOK to 377.2k NOK (+42.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +305.0k NOK → -668.3k NOK (op. margin 114.9% → -177.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 278.5k NOK profit to a loss of 560.3k NOK. Calculated
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↓
Equity eroded
Book equity -200.4k NOK → -760.7k NOK (equity ratio -7.8% → -115.4%). Calculated
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↓
Cash fell
Bank deposits 88.0k NOK → 38.9k NOK (-55.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -115.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation