AK MARINE AS: årsregnskap 2020 vs 2019
Grew 32% on revenue, weaker earnings
approved 2021-08-19; registry 2021-10-18; journal 2021 888468
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK MARINE AS. Revenue 1.72m NOK → 2.27m NOK (+32.2%). Net result -161.9k NOK → -1.18m NOK. Equity 304.1k NOK → -1.03m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AK MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.72m NOK to 2.27m NOK (+32.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.26m NOK → 1.27m NOK (248% → 56% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -38.0k NOK → -1.33m NOK (op. margin -2.2% → -58.4%). Calculated
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↓
Net result weakened
Net result -161.9k NOK → -1.18m NOK (net margin -9.4% → -52.1%). Calculated
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↓
Equity eroded
Book equity 304.1k NOK → -1.03m NOK (equity ratio 1774.8% → -25.8%). Calculated
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↓
Cash fell
Bank deposits 427.4k NOK → 383.8k NOK (-10.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.00× → 0.18× — 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 -25.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 354.0k NOK → 557.3k NOK (+57.4% YoY). Calculated