AKAB BYGG AS: årsregnskap 2020 vs 2019
Shrank 82% on revenue, weaker earnings
approved 2021-05-15; registry 2021-05-27; journal 2021 326087
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKAB BYGG AS. Revenue 545.0k NOK → 98.4k NOK (-82.0%). Net result -27.2k NOK → -53.0k NOK. Equity 2 783 NOK → -50.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKAB BYGG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 545.0k NOK to 98.4k NOK (-82.0% YoY). Calculated
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Operating result weakened
Operating result -27.2k NOK → -38.5k NOK (op. margin -5.0% → -39.2%). Calculated
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Net result weakened
Net result -27.2k NOK → -53.0k NOK (net margin -5.0% → -53.9%). Calculated
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Equity eroded
Book equity 2 783 NOK → -50.2k NOK (equity ratio 1.2% → -17.9%). Calculated
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Cash fell
Bank deposits 93.5k NOK → 86.1k NOK (-7.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation