Org.nr 922 021 791 2019 → 2020 Year-over-year analysis

AK1 ELEKTRO AS: årsregnskap 2020 vs 2019

Grew 176241520% on revenue, fresh owner capital

approved 2021-02-11; registry 2021-02-18; journal 2021 118577

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AK1 ELEKTRO AS. Revenue 20 NOK → 35.25m NOK (+176241520.0%). Equity 679.8k NOK → 99.8k NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AK1 ELEKTRO AS.

At a glance

Revenue

20 NOK 35.25m NOK

+176241520.0%

Operating result

n/m +3.76m NOK

—

Net result

n/m +2.92m NOK

—

Equity

679.8k NOK 99.8k NOK

-85.3%

Cash

1.41m NOK 3.04m NOK

+115.5%

Total assets

4.24m NOK 8.74m NOK

+106.3%

↑
Revenue rose

Operating income / revenue moved from 20 NOK to 35.25m NOK (+176241520.0% YoY). Calculated
↑
Cash rose

Bank deposits 1.41m NOK → 3.04m NOK (+115.5% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 500 NOK → 500.0k NOK (+499.5k NOK). Reported fact

↓
Equity eroded

Book equity 679.8k NOK → 99.8k NOK (equity ratio 16.0% → 1.1%). Calculated

·
Thin equity buffer

Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 9 494 NOK → 9.05m NOK (47470% → 26% of revenue). Calculated
·
COGS moved

COGS / varekostnad 8 355 NOK → 19.76m NOK (+236447.7% YoY). Calculated