AK CONSTRUCTION AS: årsregnskap 2020 vs 2019
Grew 26% on revenue, weaker earnings
approved 2021-05-26; registry 2021-06-16; journal 2021 337077
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK CONSTRUCTION AS. Revenue 1.50m NOK → 1.89m NOK (+25.8%). Net result -130.2k NOK → -523.7k NOK. Equity 11.41m NOK → 11 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AK CONSTRUCTION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.50m NOK to 1.89m NOK (+25.8% YoY). Calculated
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↑
Cash rose
Bank deposits 100.5k NOK → 183.0k NOK (+82.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -119.4k NOK → -521.3k NOK (op. margin -8.0% → -27.6%). Calculated
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↓
Net result weakened
Net result -130.2k NOK → -523.7k NOK (net margin -8.7% → -27.8%). Calculated
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↓
Equity eroded
Book equity 11.41m NOK → 11 NOK (equity ratio 1215.4% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.79× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 NOK → 1.55m NOK (0% → 82% of revenue). Calculated