ACTIC NORGE AS: årsregnskap 2020 vs 2019
Shrank 38% on revenue, weaker earnings
approved 2021-08-31; registry 2021-10-20; journal 2021 838208
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIC NORGE AS. Revenue 155.55m NOK → 97.01m NOK (-37.6%). Net result -11.63m NOK → -27.55m NOK. Equity 47.19m NOK → 19.64m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 54.36m NOK → 36.13m NOK (35% → 37% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 155.55m NOK to 97.01m NOK (-37.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -8.01m NOK → -27.13m NOK (op. margin -5.1% → -28.0%). Calculated
-
↓
Net result weakened
Net result -11.63m NOK → -27.55m NOK (net margin -7.5% → -28.4%). Calculated
-
↓
Equity eroded
Book equity 47.19m NOK → 19.64m NOK (equity ratio 49.6% → 24.3%). Calculated
-
↓
Cash fell
Bank deposits 1.53m NOK → 1.11m NOK (-27.0% YoY). Calculated