FirmaIQ
Org.nr 992 060 573 2019 → 2020 Year-over-year analysis

AKERSGATA 11 AS: årsregnskap 2020 vs 2019

Shrank 25% on revenue, weaker earnings

approved 2021-05-27; registry 2021-07-10; journal 2021 466609

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKERSGATA 11 AS. Revenue 3.30m NOK → 2.48m NOK (-24.9%). Net result +1.07m NOK → +176.3k NOK. Equity 13.68m NOK → 13.54m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKERSGATA 11 AS.

At a glance

Scorecard

Revenue
3.30m NOK 2.48m NOK
-24.9%
Operating result
+2.00m NOK +656.1k NOK
-67.2%
Net result
+1.07m NOK +176.3k NOK
-83.6%
Equity
13.68m NOK 13.54m NOK
-1.0%
Cash
590.1k NOK 759.8k NOK
+28.8%
Total assets
33.74m NOK 31.77m NOK
-5.8%

What improved

  • ↑

    Cash rose

    Bank deposits 590.1k NOK → 759.8k NOK (+28.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.30m NOK to 2.48m NOK (-24.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.00m NOK → +656.1k NOK (op. margin 60.5% → 26.4%). Calculated

  • ↓

    Net result weakened

    Net result +1.07m NOK → +176.3k NOK (net margin 32.5% → 7.1%). Calculated

  • ↓

    Equity eroded

    Book equity 13.68m NOK → 13.54m NOK (equity ratio 40.6% → 42.6%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 18.04m NOK → 16.52m NOK. Reported fact