AK NORGE WIC AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, stronger earnings
approved 2021-07-12; registry 2021-08-21; journal 2021 636436
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK NORGE WIC AS. Revenue 28.83m NOK → 26.84m NOK (-6.9%). Net result -7.61m NOK → -1.55m NOK. Equity 25.52m NOK → 23.98m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AK NORGE WIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -2.03m NOK → -1.57m NOK (op. margin -7.0% → -5.9%). Calculated
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Net result improved
Net result -7.61m NOK → -1.55m NOK (net margin -26.4% → -5.8%). Calculated
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Cash rose
Bank deposits 744.1k NOK → 4.40m NOK (+491.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 28.83m NOK to 26.84m NOK (-6.9% YoY). Calculated
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↓
Equity eroded
Book equity 25.52m NOK → 23.98m NOK (equity ratio 73.5% → 65.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7.52m NOK → 6.82m NOK (-9.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 122.0k NOK → 188.1k NOK. Reported fact