AKASIEN HOLDING AS: årsregnskap 2020 vs 2019
Shrank 97% on revenue, weaker earnings, cash halved-plus
approved 2021-06-02; registry 2021-07-01; journal 2021 432404
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKASIEN HOLDING AS. Revenue 26.82m NOK → 857.3k NOK (-96.8%). Net result +16.80m NOK → +490.0k NOK. Equity 18.95m NOK → 5.46m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKASIEN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.55m NOK → 3 560 NOK (6% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.82m NOK to 857.3k NOK (-96.8% YoY). Calculated
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↓
Operating result weakened
Operating result +21.46m NOK → +608.9k NOK (op. margin 80.0% → 71.0%). Calculated
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↓
Net result weakened
Net result +16.80m NOK → +490.0k NOK (net margin 62.6% → 57.1%). Calculated
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↓
Equity eroded
Book equity 18.95m NOK → 5.46m NOK (equity ratio 80.2% → 58.9%). Calculated
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↓
Cash fell
Bank deposits 16.77m NOK → 3.46m NOK (-79.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (16.77m NOK → 3.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 2.15m NOK → 2.06m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 312.6k NOK → 2 312 NOK (-99.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 900 NOK → 5.82m NOK. Reported fact