ACRYTEC AS: årsregnskap 2020 vs 2019
Shrank 70% on revenue, returned to profit
approved 2021-05-12; registry 2021-05-27; journal 2021 333053
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACRYTEC AS. Revenue 957.0k NOK → 285.5k NOK (-70.2%). Net result -237.9k NOK → +246.9k NOK. Equity 69.9k NOK → 4.32m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACRYTEC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -238.8k NOK → +261.3k NOK (op. margin -25.0% → 91.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 237.9k NOK to a profit of 246.9k NOK. Calculated
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↑
Equity strengthened
Book equity 69.9k NOK → 4.32m NOK (equity ratio 38.9% → 837.3%). Calculated
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↑
Cash rose
Bank deposits 17.2k NOK → 293.9k NOK (+1612.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 957.0k NOK to 285.5k NOK (-70.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 550.9k NOK → 625.8k NOK (58% → 219% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 433.5k NOK → 90.7k NOK (-79.1% YoY). Calculated