AK TECHNOLOGY AS: årsregnskap 2020 vs 2019
Grew 53% on revenue, weaker earnings
approved 2021-07-24; registry 2021-10-14; journal 2021 886823
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK TECHNOLOGY AS. Revenue 258.8k NOK → 396.9k NOK (+53.4%). Net result +106.0k NOK → +78.5k NOK. Equity 4.14m NOK → 219.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AK TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 258.8k NOK to 396.9k NOK (+53.4% YoY). Calculated
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↑
Operating result improved
Operating result +105.9k NOK → +137.4k NOK (op. margin 40.9% → 34.6%). Calculated
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Cash rose
Bank deposits 35.3k NOK → 116.6k NOK (+230.8% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +106.0k NOK → +78.5k NOK (net margin 40.9% → 19.8%). Calculated
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↓
Equity eroded
Book equity 4.14m NOK → 219.9k NOK (equity ratio 1041.2% → 51.1%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 28.1k NOK → 42.0k NOK (+49.1% YoY). Calculated