FirmaIQ
Org.nr 988 467 944 2019 → 2020 Year-over-year analysis

AKADEMIET FREDRIKSTAD AS: årsregnskap 2020 vs 2019

Grew 9% on revenue, weaker earnings

approved 2021-05-31; registry 2021-06-24; journal 2021 396569

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKADEMIET FREDRIKSTAD AS. Revenue 11.73m NOK → 12.78m NOK (+8.9%). Net result +860.5k NOK → +592.6k NOK. Equity 1.35m NOK → 2.94m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKADEMIET FREDRIKSTAD AS.

At a glance

Scorecard

Revenue
11.73m NOK 12.78m NOK
+8.9%
Operating result
+862.5k NOK +594.4k NOK
-31.1%
Net result
+860.5k NOK +592.6k NOK
-31.1%
Equity
1.35m NOK 2.94m NOK
+118.0%
Cash
2.14m NOK 3.56m NOK
+66.4%
Total assets
2.90m NOK 4.32m NOK
+49.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.73m NOK to 12.78m NOK (+8.9% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.35m NOK → 2.94m NOK (equity ratio 46.6% → 68.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.14m NOK → 3.56m NOK (+66.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +862.5k NOK → +594.4k NOK (op. margin 7.4% → 4.7%). Calculated

  • ↓

    Net result weakened

    Net result +860.5k NOK → +592.6k NOK (net margin 7.3% → 4.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 12.13m NOK → 156.5k NOK (-98.7% YoY). Calculated