AKADEMIET NORGE AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-12; registry 2021-10-09; journal 2021 788717
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET NORGE AS. Revenue 24.53m NOK → 24.00m NOK (-2.2%). Net result +40.6k NOK → +1.02m NOK. Equity 2.39m NOK → 3.40m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +86.7k NOK → +1.33m NOK (op. margin 0.4% → 5.5%). Calculated
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↑
Net result improved
Net result +40.6k NOK → +1.02m NOK (net margin 0.2% → 4.2%). Calculated
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↑
Equity strengthened
Book equity 2.39m NOK → 3.40m NOK (equity ratio 30.0% → 45.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 24.53m NOK to 24.00m NOK (-2.2% YoY). Calculated
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↓
Cash fell
Bank deposits 581.3k NOK → 219.0k NOK (-62.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 4.03m NOK (0% → 17% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 17.74m NOK → 17.35m NOK (-2.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.22m NOK → 3.76m NOK. Reported fact