FirmaIQ
Org.nr 995 413 310 2019 → 2020 Year-over-year analysis

AKADEMIET FOR PERSONLIG TRENING AS: årsregnskap 2020 vs 2019

Grew 34% on revenue, stronger earnings

approved 2021-05-28; registry 2021-08-16; journal 2021 616328

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKADEMIET FOR PERSONLIG TRENING AS. Revenue 21.95m NOK → 29.45m NOK (+34.2%). Net result +74.3k NOK → +5.84m NOK. Equity 1.89m NOK → 1.13m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AKADEMIET FOR PERSONLIG TRENING AS.

At a glance

Scorecard

Revenue
21.95m NOK 29.45m NOK
+34.2%
Operating result
-22.6k NOK +6.70m NOK
+29733.0%
Net result
+74.3k NOK +5.84m NOK
+7761.2%
Equity
1.89m NOK 1.13m NOK
-40.1%
Cash
2.37m NOK 6.43m NOK
+171.1%
Total assets
19.92m NOK 33.02m NOK
+65.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.95m NOK to 29.45m NOK (+34.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -22.6k NOK → +6.70m NOK (op. margin -0.1% → 22.8%). Calculated

  • ↑

    Net result improved

    Net result +74.3k NOK → +5.84m NOK (net margin 0.3% → 19.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.37m NOK → 6.43m NOK (+171.1% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.89m NOK → 1.13m NOK (equity ratio 9.5% → 3.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 6.26m NOK → 7.59m NOK (29% → 26% of revenue). Calculated