FirmaIQ
Org.nr 913 145 275 2019 → 2020 Year-over-year analysis

AK-TEK AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-03-23; registry 2021-04-19; journal 2021 208014

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AK-TEK AS. Revenue 2.43m NOK → 2.34m NOK (-3.6%). Net result +90.5k NOK → +361.5k NOK. Equity 1.05m NOK → 1.41m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK-TEK AS.

At a glance

Scorecard

Revenue
2.43m NOK 2.34m NOK
-3.6%
Operating result
+145.2k NOK +467.7k NOK
+222.2%
Net result
+90.5k NOK +361.5k NOK
+299.4%
Equity
1.05m NOK 1.41m NOK
+34.5%
Cash
752.5k NOK 751.0k NOK
-0.2%
Total assets
1.57m NOK 2.03m NOK
+28.9%

What improved

  • ↑

    Operating result improved

    Operating result +145.2k NOK → +467.7k NOK (op. margin 6.0% → 20.0%). Calculated

  • ↑

    Net result improved

    Net result +90.5k NOK → +361.5k NOK (net margin 3.7% → 15.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.05m NOK → 1.41m NOK (equity ratio 66.6% → 69.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.43m NOK to 2.34m NOK (-3.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 752.5k NOK → 751.0k NOK (-0.2% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 724.2k NOK → 751.4k NOK (30% → 32% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 987.9k NOK → 775.1k NOK (-21.5% YoY). Calculated