AKADEMIET NORSK RESTAURANTSKOLE DRIFT AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, slipped into loss, cash halved-plus
approved 2021-05-04; registry 2021-05-27; journal 2021 327079
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET NORSK RESTAURANTSKOLE DRIFT AS. Revenue 1.88m NOK → 1.98m NOK (+5.1%). Net result +67.1k NOK → -72.6k NOK. Equity 142.0k NOK → 69.4k NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AKADEMIET NORSK RESTAURANTSKOLE DRIFT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.88m NOK to 1.98m NOK (+5.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 494.4k NOK → 500.0k NOK (+5 570 NOK). Reported fact
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Payroll decreased
Salary cost 674.4k NOK → 514.6k NOK (36% → 26% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +97.7k NOK → -93.1k NOK (op. margin 5.2% → -4.7%). Calculated
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Fell into a net loss
Net result flipped from 67.1k NOK profit to a loss of 72.6k NOK. Calculated
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Equity eroded
Book equity 142.0k NOK → 69.4k NOK (equity ratio 28.6% → 20.2%). Calculated
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Cash fell
Bank deposits 4.26m NOK → 88.7k NOK (-97.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.26m NOK → 88.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 812.5k NOK → 341.1k NOK (-58.0% YoY). Calculated