AKADEMIET VGS MØRE AS: årsregnskap 2020 vs 2019
Shrank 33% on revenue, weaker earnings
approved 2021-05-31; registry 2021-06-26; journal 2021 400355
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKADEMIET VGS MØRE AS. Revenue 4.69m NOK → 3.14m NOK (-33.1%). Net result +11.14m NOK → +508.5k NOK. Equity -2.10m NOK → -506.3k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +191.0k NOK → +514.0k NOK (op. margin 4.1% → 16.4%). Calculated
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Equity strengthened
Book equity -2.10m NOK → -506.3k NOK (equity ratio -40380.3% → -90.7%). Calculated
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Cash rose
Bank deposits 257.4k NOK → 443.7k NOK (+72.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.91× → 1.86×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.69m NOK to 3.14m NOK (-33.1% YoY). Calculated
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Net result weakened
Net result +11.14m NOK → +508.5k NOK (net margin 237.5% → 16.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3 NOK → 1.44m NOK (0% → 46% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 12.11m NOK → 63.7k NOK (-99.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 56.3k NOK → 3.14m NOK. Reported fact