AKER BYGGSYSTEM AS: årsregnskap 2020 vs 2019
Shrank 69% on revenue, weaker earnings
approved 2021-05-18; registry 2021-06-28; journal 2021 483864
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER BYGGSYSTEM AS. Revenue 780.6k NOK → 245.7k NOK (-68.5%). Net result +85.5k NOK → +13.3k NOK. Equity 18.3k NOK → 31.6k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKER BYGGSYSTEM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 18.3k NOK → 31.6k NOK (equity ratio 9.8% → 6.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 780.6k NOK to 245.7k NOK (-68.5% YoY). Calculated
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↓
Operating result weakened
Operating result +106.1k NOK → +24.2k NOK (op. margin 13.6% → 9.8%). Calculated
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↓
Net result weakened
Net result +85.5k NOK → +13.3k NOK (net margin 11.0% → 5.4%). Calculated
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↓
Cash fell
Bank deposits 141.8k NOK → 97.7k NOK (-31.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 654.2k NOK → 205.3k NOK (-68.6% YoY). Calculated