AKASIA KIRKE OG GRAVPLASS AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, stronger earnings, cash halved-plus
approved 2021-06-16; registry 2021-08-18; journal 2021 624072
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKASIA KIRKE OG GRAVPLASS AS. Revenue 122.47m NOK → 115.23m NOK (-5.9%). Net result +4.91m NOK → +9.66m NOK. Equity 2.30m NOK → -1.09m NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKASIA KIRKE OG GRAVPLASS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2 019 NOK → +12.40m NOK (op. margin 0.0% → 10.8%). Calculated
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Net result improved
Net result +4.91m NOK → +9.66m NOK (net margin 4.0% → 8.4%). Calculated
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Current ratio back above 1×
Current ratio 1.00× → 1.14×. Calculated
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Payroll decreased
Salary cost 78.29m NOK → 68.71m NOK (64% → 60% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 122.47m NOK to 115.23m NOK (-5.9% YoY). Calculated
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Equity eroded
Book equity 2.30m NOK → -1.09m NOK (equity ratio 5.3% → -3.3%). Calculated
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Cash fell
Bank deposits 9.43m NOK → 3.08m NOK (-67.3% YoY). Calculated
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COGS moved
COGS / varekostnad 2.05m NOK → 3.63m NOK (+76.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.43m NOK → 3.08m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1 193 NOK → 6 000 NOK. Reported fact