AKADEMIET UTVEKSLING AS: årsregnskap 2020 vs 2019
Shrank 20% on revenue, weaker earnings
approved 2021-08-17; registry 2021-10-09; journal 2021 787597
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET UTVEKSLING AS. Revenue 11.95m NOK → 9.57m NOK (-19.9%). Net result -176.8k NOK → -214.0k NOK. Equity 545.3k NOK → 331.3k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKADEMIET UTVEKSLING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -121.1k NOK → -67.8k NOK (op. margin -1.0% → -0.7%). Calculated
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Cash rose
Bank deposits 2.67m NOK → 3.71m NOK (+39.1% YoY). Calculated
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Payroll decreased
Salary cost 1.33m NOK → 1.14m NOK (11% → 12% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.95m NOK to 9.57m NOK (-19.9% YoY). Calculated
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↓
Net result weakened
Net result -176.8k NOK → -214.0k NOK (net margin -1.5% → -2.2%). Calculated
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Equity eroded
Book equity 545.3k NOK → 331.3k NOK (equity ratio 11.2% → 6.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 8.28m NOK → 6.99m NOK (-15.5% YoY). Calculated