Org.nr 939 778 241 2019 → 2020 Year-over-year analysis

ACR elektro AS: årsregnskap 2020 vs 2019

Shrank 21% on revenue, weaker earnings

approved 2021-02-22; registry 2021-06-30; journal 2021 428172

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACR elektro AS. Revenue 40.15m NOK → 31.81m NOK (-20.8%). Net result +4.31m NOK → +2.94m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACR elektro AS.

At a glance

Revenue

40.15m NOK 31.81m NOK

-20.8%

Operating result

+5.48m NOK +3.75m NOK

-31.6%

Net result

+4.31m NOK +2.94m NOK

-31.7%

Cash

5.29m NOK 8.16m NOK

+54.2%

Total assets

16.62m NOK 15.05m NOK

-9.4%

↑
Cash rose

Bank deposits 5.29m NOK → 8.16m NOK (+54.2% YoY). Calculated
↑
Payroll decreased

Salary cost 11.52m NOK → 11.09m NOK (29% → 35% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 40.15m NOK to 31.81m NOK (-20.8% YoY). Calculated
↓
Operating result weakened

Operating result +5.48m NOK → +3.75m NOK (op. margin 13.7% → 11.8%). Calculated
↓
Net result weakened

Net result +4.31m NOK → +2.94m NOK (net margin 10.7% → 9.2%). Calculated

·
COGS fell

COGS / varekostnad 20.62m NOK → 14.20m NOK (-31.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 15.0k NOK → 30.0k NOK. Reported fact