FirmaIQ
Org.nr 889 183 462 2019 → 2020 Year-over-year analysis

AKE HOLDING AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-04-14; registry 2021-04-24; journal 2021 220684

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKE HOLDING AS. Net result +234.2k NOK → +587.1k NOK. Equity 2.42m NOK → 2.71m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKE HOLDING AS.

At a glance

Scorecard

Operating result
-19.0k NOK -14.6k NOK
+23.1%
Net result
+234.2k NOK +587.1k NOK
+150.6%
Equity
2.42m NOK 2.71m NOK
+11.8%
Cash
995.2k NOK 282.3k NOK
-71.6%
Total assets
2.72m NOK 3.01m NOK
+10.5%

What improved

  • ↑

    Operating result improved

    Operating result -19.0k NOK → -14.6k NOK. Calculated

  • ↑

    Net result improved

    Net result +234.2k NOK → +587.1k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 2.42m NOK → 2.71m NOK (equity ratio 89.0% → 90.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 995.2k NOK → 282.3k NOK (-71.6% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.32× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 727.5k NOK → 1.73m NOK. Reported fact