AKER YACHTS AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-07-21; registry 2021-08-19; journal 2021 648025
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER YACHTS AS. Revenue 4.61m NOK → 5.04m NOK (+9.3%). Net result +8 038 NOK → +826.4k NOK. Equity 12.7k NOK → 12 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.61m NOK to 5.04m NOK (+9.3% YoY). Calculated
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↑
Net result improved
Net result +8 038 NOK → +826.4k NOK (net margin 0.2% → 16.4%). Calculated
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↑
Cash rose
Bank deposits 35.9k NOK → 3.78m NOK (+10435.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.7k NOK → 12 NOK (equity ratio 0.4% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 335.6k NOK → 457.4k NOK (+36.3% YoY). Calculated