AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2020 vs 2019
Shrank 93% on revenue, returned to profit
approved 2021-05-07; registry 2021-05-10; journal 2021 277886
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS AUTO BILVERKSTED AS. Revenue 132.0k NOK → 9 750 NOK (-92.6%). Net result -395.5k NOK → +17.6k NOK. Equity 88.7k NOK → 106.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -395.6k NOK → +17.6k NOK (op. margin -299.6% → 180.6%). Calculated
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Turned profitable
Net result flipped from a loss of 395.5k NOK to a profit of 17.6k NOK. Calculated
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Equity strengthened
Book equity 88.7k NOK → 106.3k NOK (equity ratio 91.9% → 4.7%). Calculated
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Cash rose
Bank deposits 8 951 NOK → 53.6k NOK (+498.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 132.0k NOK to 9 750 NOK (-92.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.60× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 616.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 197.6k NOK → -250 NOK (-100.1% YoY). Calculated