AKASIA HOLDING AS: årsregnskap 2020 vs 2019
Grew 283271950% on revenue, stronger earnings
approved 2021-06-16; registry 2021-08-17; journal 2021 623238
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKASIA HOLDING AS. Revenue 10 NOK → 28.33m NOK (+283271950.0%). Net result -10.17m NOK → -2.54m NOK. Equity 73.10m NOK → 67.99m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASIA HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10 NOK to 28.33m NOK (+283271950.0% YoY). Calculated
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Operating result improved
Operating result -6.38m NOK → +815.7k NOK (op. margin -63794540.0% → 2.9%). Calculated
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Net result improved
Net result -10.17m NOK → -2.54m NOK (net margin -101683550.0% → -9.0%). Calculated
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Payroll decreased
Salary cost 14.30bn NOK → 14.27bn NOK (143021759300% → 50376% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 73.10m NOK → 67.99m NOK (equity ratio 51.0% → 47.7%). Calculated
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Cash fell
Bank deposits 364.5k NOK → 205.4k NOK (-43.6% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 23.56m NOK → 13.65m NOK (-42.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 103.32m NOK → 95.89m NOK. Reported fact