AKERSHUS AUTO AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, slipped into loss
approved 2021-02-18; registry 2021-03-02; journal 2021 132338
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS AUTO AS. Revenue 70.80m NOK → 61.83m NOK (-12.7%). Net result +261.4k NOK → -225.8k NOK. Equity 2.28m NOK → 2.05m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS AUTO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 343.1k NOK → 968.1k NOK (+182.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 70.80m NOK to 61.83m NOK (-12.7% YoY). Calculated
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↓
Operating result weakened
Operating result +399.5k NOK → +223.5k NOK (op. margin 0.6% → 0.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 261.4k NOK profit to a loss of 225.8k NOK. Calculated
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↓
Equity eroded
Book equity 2.28m NOK → 2.05m NOK (equity ratio 7.9% → 7.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 59.71m NOK → 55.58m NOK (-6.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 796 NOK → 3 713 NOK. Reported fact