ACTIOS AS: årsregnskap 2020 vs 2019
Shrank 49% on revenue, slipped into loss, cash halved-plus
approved 2021-04-30; registry 2021-05-25; journal 2021 320877
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIOS AS. Revenue 540.0k NOK → 274.4k NOK (-49.2%). Net result +4 716 NOK → -5 639 NOK. Equity -5 172 NOK → -10.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIOS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 373.9k NOK → 141.4k NOK (69% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 540.0k NOK to 274.4k NOK (-49.2% YoY). Calculated
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↓
Operating result weakened
Operating result +4 834 NOK → -5 644 NOK (op. margin 0.9% → -2.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 4 716 NOK profit to a loss of 5 639 NOK. Calculated
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↓
Equity eroded
Book equity -5 172 NOK → -10.8k NOK (equity ratio -7.6% → -52.3%). Calculated
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↓
Cash fell
Bank deposits 40.8k NOK → 9 545 NOK (-76.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -52.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation