AKERØEN INVEST AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, weaker earnings, cash halved-plus
approved 2021-05-05; registry 2021-05-22; journal 2021 311686
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERØEN INVEST AS. Revenue 639.3k NOK → 238.4k NOK (-62.7%). Net result -415.6k NOK → -554.7k NOK. Equity 1.69m NOK → 1.14m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERØEN INVEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 639.3k NOK to 238.4k NOK (-62.7% YoY). Calculated
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Operating result weakened
Operating result -62.3k NOK → -393.3k NOK (op. margin -9.7% → -164.9%). Calculated
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Net result weakened
Net result -415.6k NOK → -554.7k NOK (net margin -65.0% → -232.7%). Calculated
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Equity eroded
Book equity 1.69m NOK → 1.14m NOK (equity ratio 13.4% → 9.2%). Calculated
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Cash fell
Bank deposits 139.0k NOK → 43.1k NOK (-69.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation