Org.nr 995 785 994 2019 → 2020 Year-over-year analysis

AKASO ELEKTRO AS: årsregnskap 2020 vs 2019

Shrank 47% on revenue, returned to profit

approved 2021-03-12; registry 2021-03-17; journal 2021 150701

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKASO ELEKTRO AS. Revenue 53.69m NOK → 28.63m NOK (-46.7%). Net result -2.89m NOK → +1.74m NOK.

On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKASO ELEKTRO AS.

At a glance

Revenue

53.69m NOK 28.63m NOK

-46.7%

Operating result

-3.66m NOK +2.48m NOK

+167.7%

Net result

-2.89m NOK +1.74m NOK

+160.1%

Cash

834.6k NOK 488.6k NOK

-41.5%

Total assets

12.60m NOK 8.60m NOK

-31.7%

↑
Operating result improved

Operating result -3.66m NOK → +2.48m NOK (op. margin -6.8% → 8.7%). Calculated
↑
Turned profitable

Net result flipped from a loss of 2.89m NOK to a profit of 1.74m NOK. Calculated
↑
Payroll decreased

Salary cost 21.60m NOK → 13.85m NOK (40% → 48% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 53.69m NOK to 28.63m NOK (-46.7% YoY). Calculated
↓
Cash fell

Bank deposits 834.6k NOK → 488.6k NOK (-41.5% YoY). Calculated