AKER RØRLEGGERBEDRIFT AS: årsregnskap 2020 vs 2019
Grew 54% on revenue, cash halved-plus
approved 2021-04-30; registry 2021-08-11; journal 2021 622732
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER RØRLEGGERBEDRIFT AS. Revenue 2.51m NOK → 3.86m NOK (+53.9%). Net result +269.7k NOK → +312.1k NOK. Equity 738.8k NOK → 50.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKER RØRLEGGERBEDRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.51m NOK to 3.86m NOK (+53.9% YoY). Calculated
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↑
Operating result improved
Operating result +347.0k NOK → +380.5k NOK (op. margin 13.8% → 9.9%). Calculated
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↑
Net result improved
Net result +269.7k NOK → +312.1k NOK (net margin 10.8% → 8.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 738.8k NOK → 50.9k NOK (equity ratio 49.1% → 2.6%). Calculated
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↓
Cash fell
Bank deposits 696.5k NOK → 75.0k NOK (-89.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 662.1k NOK → 1.29m NOK (26% → 33% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 135.6k NOK → 1.75m NOK (+1188.2% YoY). Calculated