AK MUSIC AS: årsregnskap 2020 vs 2019
Shrank 96% on revenue, slipped into loss, cash halved-plus
approved 2021-01-06; registry 2021-03-22; journal 2021 160874
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK MUSIC AS. Revenue 120.5k NOK → 5 000 NOK (-95.9%). Net result +53.6k NOK → -22.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
120.5k NOK
5 000 NOK
-95.9%
Operating result
+68.7k NOK
-21.5k NOK
-131.3%
Net result
+53.6k NOK
-22.6k NOK
-142.2%
Cash
88.7k NOK
24.4k NOK
-72.5%
Total assets
98.7k NOK
61.6k NOK
-37.6%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 120.5k NOK to 5 000 NOK (-95.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +68.7k NOK → -21.5k NOK (op. margin 57.0% → -430.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 53.6k NOK profit to a loss of 22.6k NOK. Calculated
-
↓
Cash fell
Bank deposits 88.7k NOK → 24.4k NOK (-72.5% YoY). Calculated