ACTICON AS: årsregnskap 2020 vs 2019
Shrank 65% on revenue, slipped into loss
approved 2021-06-17; registry 2021-06-26; journal 2021 477499
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTICON AS. Revenue 625.9k NOK → 217.9k NOK (-65.2%). Net result +120.5k NOK → -104.9k NOK. Equity 807.4k NOK → 702.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 323.0k NOK → 46.6k NOK (52% → 21% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 625.9k NOK to 217.9k NOK (-65.2% YoY). Calculated
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↓
Operating result weakened
Operating result +158.0k NOK → -136.8k NOK (op. margin 25.2% → -62.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 120.5k NOK profit to a loss of 104.9k NOK. Calculated
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↓
Equity eroded
Book equity 807.4k NOK → 702.5k NOK (equity ratio 91.5% → 87.8%). Calculated
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↓
Cash fell
Bank deposits 719.5k NOK → 640.1k NOK (-11.0% YoY). Calculated