ACUSTO AS: årsregnskap 2020 vs 2019
Shrank 20% on revenue, stronger earnings
registry 2021-06-10; journal 2021 279456
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACUSTO AS. Revenue 10.93m NOK → 8.69m NOK (-20.5%). Net result -126.9k NOK → -93.4k NOK. Equity 6.90m NOK → 6.81m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACUSTO AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -126.9k NOK → -93.4k NOK (net margin -1.2% → -1.1%). Calculated
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Cash rose
Bank deposits 152.0k NOK → 232.7k NOK (+53.2% YoY). Calculated
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Payroll decreased
Salary cost 4.57m NOK → 4.33m NOK (42% → 50% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 10.93m NOK to 8.69m NOK (-20.5% YoY). Calculated
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Operating result weakened
Operating result -98.9k NOK → -300.2k NOK (op. margin -0.9% → -3.5%). Calculated
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Equity eroded
Book equity 6.90m NOK → 6.81m NOK (equity ratio 59.7% → 83.5%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 5.26m NOK → 3.14m NOK (-40.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.57m NOK → 3.75m NOK. Reported fact