AKEB AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, weaker earnings
approved 2021-08-31; registry 2021-10-02; journal 2021 840586
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKEB AS. Revenue 325.7k NOK → 262.6k NOK (-19.4%). Net result -119.7k NOK → -146.3k NOK. Equity 4.93m NOK → 4.79m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKEB AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -165.2k NOK → -163.0k NOK (op. margin -50.7% → -62.1%). Calculated
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↑
Payroll decreased
Salary cost 138.3k NOK → 121.2k NOK (42% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 325.7k NOK to 262.6k NOK (-19.4% YoY). Calculated
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↓
Net result weakened
Net result -119.7k NOK → -146.3k NOK (net margin -36.8% → -55.7%). Calculated
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↓
Equity eroded
Book equity 4.93m NOK → 4.79m NOK. Calculated
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↓
Cash fell
Bank deposits 1.93m NOK → 1.78m NOK (-7.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 21.51× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 67.5k NOK → 39.1k NOK (-42.0% YoY). Calculated