Org.nr 994 428 152 2019 → 2020 Year-over-year analysis

AKEO AS: årsregnskap 2020 vs 2019

Shrank 39% on revenue, cash halved-plus

approved 2021-08-31; registry 2021-10-23; journal 2021 856062

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKEO AS. Revenue 13.96m NOK → 8.58m NOK (-38.5%).

Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKEO AS.

At a glance

Revenue

13.96m NOK 8.58m NOK

-38.5%

Operating result

+2.15m NOK -689.9k NOK

-132.1%

Net result

n/m -888.9k NOK

—

Equity

n/m 3.05m NOK

—

Cash

3.85m NOK 1.48m NOK

-61.5%

Total assets

12.82m NOK 10.55m NOK

-17.7%

↓
Revenue fell

Operating income / revenue moved from 13.96m NOK to 8.58m NOK (-38.5% YoY). Calculated
↓
Operating result weakened

Operating result +2.15m NOK → -689.9k NOK (op. margin 15.4% → -8.0%). Calculated
↓
Cash fell

Bank deposits 3.85m NOK → 1.48m NOK (-61.5% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.85m NOK → 1.48m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 5.10m NOK → 3.82m NOK (-25.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 999 NOK → 1 999 NOK. Reported fact