FirmaIQ
Org.nr 940 973 643 2019 → 2020 Year-over-year analysis

AKADEMIKA AS: årsregnskap 2020 vs 2019

Shrank 19% on revenue, stronger earnings

approved 2021-08-31; registry 2021-10-13; journal 2021 810911

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKADEMIKA AS. Revenue 10.48bn NOK → 8.48bn NOK (-19.1%). Net result +3.03m NOK → +7.98m NOK. Equity 59.71m NOK → 60.14m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIKA AS.

At a glance

Scorecard

Revenue
10.48bn NOK 8.48bn NOK
-19.1%
Operating result
+2.50m NOK +6.71m NOK
+168.5%
Net result
+3.03m NOK +7.98m NOK
+163.0%
Equity
59.71m NOK 60.14m NOK
+0.7%
Cash
2.08m NOK 1.97m NOK
-5.4%
Total assets
185.33m NOK 188.35m NOK
+1.6%

What improved

  • ↑

    Operating result improved

    Operating result +2.50m NOK → +6.71m NOK (op. margin 0.0% → 0.1%). Calculated

  • ↑

    Net result improved

    Net result +3.03m NOK → +7.98m NOK (net margin 0.0% → 0.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 59.71m NOK → 60.14m NOK (equity ratio 32.2% → 31.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 61.46m NOK → 51.86m NOK (1% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.48bn NOK to 8.48bn NOK (-19.1% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 2.08m NOK → 1.97m NOK (-5.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 10.34bn NOK → 8.34bn NOK (-19.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 26.1k NOK → 1.03m NOK. Reported fact