ADVANCED CONTROL ROBOTIC AS: årsregnskap 2020 vs 2019
Grew 1961% on revenue, weaker earnings
approved 2021-02-21; registry 2021-05-22; journal 2021 308010
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVANCED CONTROL ROBOTIC AS. Revenue 279.0k NOK → 5.75m NOK (+1961.3%). Net result +5.48m NOK → +3.37m NOK. Equity 7.32m NOK → 6.69m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 279.0k NOK to 5.75m NOK (+1961.3% YoY). Calculated
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Operating result improved
Operating result +1.30m NOK → +2.16m NOK (op. margin 465.1% → 37.5%). Calculated
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Cash rose
Bank deposits 90.7k NOK → 1.91m NOK (+2003.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +5.48m NOK → +3.37m NOK (net margin 1962.7% → 58.5%). Calculated
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↓
Equity eroded
Book equity 7.32m NOK → 6.69m NOK (equity ratio 35.6% → 41.3%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 41.21m NOK → 39.21m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1 479 NOK → 1.78m NOK (1% → 31% of revenue). Calculated
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COGS moved
COGS / varekostnad 153.9k NOK → 920.9k NOK (+498.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 2 120 NOK → 5.50m NOK. Reported fact