AK BILLAKKERING OG OPPRETTING AS: årsregnskap 2020 vs 2019
Shrank 30% on revenue, slipped into loss
approved 2021-08-10; registry 2021-08-12; journal 2021 626868
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK BILLAKKERING OG OPPRETTING AS. Revenue 2.75m NOK → 1.92m NOK (-30.0%). Net result +170.1k NOK → -216.9k NOK. Equity -245.7k NOK → -462.7k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK BILLAKKERING OG OPPRETTING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 99.3k NOK → 314.4k NOK (+216.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 360.2k NOK → 334.2k NOK (13% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.75m NOK to 1.92m NOK (-30.0% YoY). Calculated
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↓
Operating result weakened
Operating result +170.6k NOK → -219.7k NOK (op. margin 6.2% → -11.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 170.1k NOK profit to a loss of 216.9k NOK. Calculated
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↓
Equity eroded
Book equity -245.7k NOK → -462.7k NOK (equity ratio -52.6% → -72.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -72.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 991.3k NOK → 337.5k NOK (-66.0% YoY). Calculated