AKAR FOOD AS: årsregnskap 2020 vs 2019
Grew 91% on revenue, stronger earnings
approved 2021-08-20; registry 2021-08-24; journal 2021 673336
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKAR FOOD AS. Revenue 4.49m NOK → 8.56m NOK (+90.8%). Net result +398.5k NOK → +506.2k NOK. Equity 621.2k NOK → 127.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKAR FOOD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.49m NOK to 8.56m NOK (+90.8% YoY). Calculated
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Operating result improved
Operating result +518.9k NOK → +647.7k NOK (op. margin 11.6% → 7.6%). Calculated
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Net result improved
Net result +398.5k NOK → +506.2k NOK (net margin 8.9% → 5.9%). Calculated
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Current ratio back above 1×
Current ratio 0.81× → 39.07×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 621.2k NOK → 127.4k NOK (equity ratio 171.8% → 4.5%). Calculated
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Cash fell
Bank deposits 743.5k NOK → 398.5k NOK (-46.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 366.8k NOK → 565.9k NOK (8% → 7% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.47m NOK → 6.76m NOK (+94.8% YoY). Calculated