AHK PROSJEKTERING AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, weaker earnings, cash halved-plus
approved 2021-02-05; registry 2021-03-01; journal 2021 129758
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AHK PROSJEKTERING AS. Revenue 1.49m NOK → 477.4k NOK (-67.9%). Net result +349.8k NOK → +57.5k NOK. Equity 54.9k NOK → 6.11m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AHK PROSJEKTERING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 54.9k NOK → 6.11m NOK (equity ratio 9.1% → 1675.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.49m NOK to 477.4k NOK (-67.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +360.9k NOK → +58.5k NOK (op. margin 24.3% → 12.3%). Calculated
-
↓
Net result weakened
Net result +349.8k NOK → +57.5k NOK (net margin 23.5% → 12.0%). Calculated
-
↓
Cash fell
Bank deposits 3.31m NOK → 253.7k NOK (-92.3% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 878.8k NOK → 1.08m NOK (59% → 227% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.31m NOK → 253.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation