AKADEMIET PRIVATISTSKOLE DRAMMEN AS: årsregnskap 2020 vs 2019
Shrank 57% on revenue, weaker earnings, cash halved-plus
approved 2021-08-27; registry 2021-09-18; journal 2021 719702
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET PRIVATISTSKOLE DRAMMEN AS. Revenue 11.41m NOK → 4.87m NOK (-57.3%). Net result +2.40m NOK → +933.0k NOK. Equity 3.62m NOK → 100.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AKADEMIET PRIVATISTSKOLE DRAMMEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.41m NOK to 4.87m NOK (-57.3% YoY). Calculated
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Operating result weakened
Operating result +3.04m NOK → +1.16m NOK (op. margin 26.6% → 23.8%). Calculated
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Net result weakened
Net result +2.40m NOK → +933.0k NOK (net margin 21.0% → 19.2%). Calculated
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Equity eroded
Book equity 3.62m NOK → 100.0k NOK (equity ratio 48.2% → 6.0%). Calculated
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Cash fell
Bank deposits 4.93m NOK → 1.15m NOK (-76.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.93m NOK → 1.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 251.5k NOK → 108.7k NOK (-56.8% YoY). Calculated