AK SKOG AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-02; journal 2021 846992
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK SKOG AS. Revenue 3.94m NOK → 3.60m NOK (-8.6%). Net result +221.7k NOK → -67.5k NOK. Equity 7.17m NOK → 7.11m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 122.0k NOK → 143.5k NOK (+17.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.87× → 13.67×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.94m NOK to 3.60m NOK (-8.6% YoY). Calculated
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↓
Operating result weakened
Operating result +313.3k NOK → -62.3k NOK (op. margin 8.0% → -1.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 221.7k NOK profit to a loss of 67.5k NOK. Calculated
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↓
Equity eroded
Book equity 7.17m NOK → 7.11m NOK (equity ratio 567.9% → 610.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.95m NOK → 2.54m NOK (50% → 71% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 449.5k NOK → 72.1k NOK (-84.0% YoY). Calculated