AHEAD GROUP NORWAY AS: årsregnskap 2020 vs 2019
Grew 143725% on revenue, slipped into loss
approved 2020-12-08; registry 2021-08-14; journal 2021 611565
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AHEAD GROUP NORWAY AS. Revenue 8 112 NOK → 11.67m NOK (+143725.5%). Net result +11.69m NOK → -27.91m NOK. Equity 213.08m NOK → 188.53m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AHEAD GROUP NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8 112 NOK to 11.67m NOK (+143725.5% YoY). Calculated
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↑
Cash rose
Bank deposits 288.2k NOK → 292.0k NOK (+1.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -249.7k NOK → -23.08m NOK (op. margin -3077.5% → -197.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 11.69m NOK profit to a loss of 27.91m NOK. Calculated
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↓
Equity eroded
Book equity 213.08m NOK → 188.53m NOK (equity ratio 78.4% → 67.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 222.65× → 0.33× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 6 819 NOK → 12.62m NOK (84% → 108% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 335.2k NOK → 335 NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 265.7k NOK → 259.17m NOK. Reported fact