AKA AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-04-22; registry 2021-09-16; journal 2021 714534
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKA AS. Revenue 30.11m NOK → 32.70m NOK (+8.6%). Net result +97.06m NOK → +258.20m NOK. Equity 1.46bn NOK → 1.54bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AKA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.11m NOK to 32.70m NOK (+8.6% YoY). Calculated
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↑
Net result improved
Net result +97.06m NOK → +258.20m NOK (net margin 322.3% → 789.7%). Calculated
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↑
Equity strengthened
Book equity 1.46bn NOK → 1.54bn NOK (equity ratio 21.9% → 21.6%). Calculated
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↑
Cash rose
Bank deposits 18.78m NOK → 34.02m NOK (+81.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -19.46m NOK → -21.30m NOK (op. margin -64.6% → -65.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 793.46× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 28.00m NOK → 32.69m NOK (93% → 100% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 10.12m NOK → 13.12bn NOK. Reported fact