ACS PROPERTY 1 AS: årsregnskap 2020 vs 2019
Grew 2278% on revenue, weaker earnings, fresh owner capital
approved 2021-06-11; registry 2021-07-31; journal 2021 597844
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACS PROPERTY 1 AS. Revenue 6 125 NOK → 145.7k NOK (+2278.2%). Net result -6 180 NOK → -374.2k NOK. Equity -169.5k NOK → -243.8k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACS PROPERTY 1 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6 125 NOK to 145.7k NOK (+2278.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 330.0k NOK (+300.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -5 951 NOK → -372.3k NOK (op. margin -97.2% → -255.6%). Calculated
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↓
Net result weakened
Net result -6 180 NOK → -374.2k NOK (net margin -100.9% → -256.9%). Calculated
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↓
Equity eroded
Book equity -169.5k NOK → -243.8k NOK (equity ratio -2464.3% → -4846.0%). Calculated
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↓
Cash fell
Bank deposits 6 879 NOK → 5 030 NOK (-26.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4846.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 51.4k NOK → 324.1k NOK (+530.1% YoY). Calculated