FirmaIQ
Org.nr 987 903 066 2019 → 2020 Year-over-year analysis

AKER INSURANCE SERVICES AS: årsregnskap 2020 vs 2019

Grew 8% on revenue, stronger earnings

approved 2021-05-10; registry 2021-09-11; journal 2021 694728

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKER INSURANCE SERVICES AS. Revenue 13.41m NOK → 14.44m NOK (+7.7%). Net result +2.80m NOK → +4.76m NOK. Equity 1.05m NOK → 1.00m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKER INSURANCE SERVICES AS.

At a glance

Scorecard

Revenue
13.41m NOK 14.44m NOK
+7.7%
Operating result
+3.59m NOK +6.34m NOK
+76.9%
Net result
+2.80m NOK +4.76m NOK
+69.9%
Equity
1.05m NOK 1.00m NOK
-4.2%
Cash
9.51m NOK 11.37m NOK
+19.5%
Total assets
10.54m NOK 13.70m NOK
+29.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.41m NOK to 14.44m NOK (+7.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.59m NOK → +6.34m NOK (op. margin 26.7% → 43.9%). Calculated

  • ↑

    Net result improved

    Net result +2.80m NOK → +4.76m NOK (net margin 20.9% → 33.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 9.51m NOK → 11.37m NOK (+19.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 8.53m NOK → 6.59m NOK (64% → 46% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.05m NOK → 1.00m NOK (equity ratio 9.9% → 7.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation