AKER SEIL AS: årsregnskap 2020 vs 2019
Shrank 61% on revenue, weaker earnings
approved 2021-08-31; registry 2021-09-18; journal 2021 766984
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER SEIL AS. Revenue 2.45m NOK → 956.9k NOK (-61.0%). Net result -32.5k NOK → -1.05m NOK. Equity 7.64m NOK → 6.59m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKER SEIL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8.65m NOK → 387.7k NOK (353% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.45m NOK to 956.9k NOK (-61.0% YoY). Calculated
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↓
Operating result weakened
Operating result -485.0k NOK → -989.3k NOK (op. margin -19.8% → -103.4%). Calculated
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↓
Net result weakened
Net result -32.5k NOK → -1.05m NOK (net margin -1.3% → -109.9%). Calculated
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↓
Equity eroded
Book equity 7.64m NOK → 6.59m NOK (equity ratio 93.6% → 92.4%). Calculated
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↓
Cash fell
Bank deposits 4.13m NOK → 3.85m NOK (-6.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.34m NOK → 1.25m NOK (-7.0% YoY). Calculated