AKADEMIET KRISTIANSAND AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, weaker earnings
registry 2021-06-26; journal 2021 398957
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET KRISTIANSAND AS. Revenue 8.70m NOK → 9.34m NOK (+7.4%). Net result +2.94m NOK → +72.9k NOK. Equity -5.14m NOK → -5.07m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET KRISTIANSAND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.70m NOK to 9.34m NOK (+7.4% YoY). Calculated
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Operating result improved
Operating result -2.84m NOK → +120.4k NOK (op. margin -32.7% → 1.3%). Calculated
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Equity strengthened
Book equity -5.14m NOK → -5.07m NOK (equity ratio -224.3% → -249.6%). Calculated
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Cash rose
Bank deposits 1.06m NOK → 1.19m NOK (+12.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.61× → 1.05×. Calculated
What deteriorated
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↓
Net result weakened
Net result +2.94m NOK → +72.9k NOK (net margin 33.8% → 0.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -249.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 392.9k NOK → 366.0k NOK (-6.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 8.50m NOK → 9.34m NOK. Reported fact