AKERSHUS ENERGI VANNKRAFT AS: årsregnskap 2020 vs 2019
Shrank 48% on revenue, weaker earnings
approved 2021-05-21; registry 2021-06-21; journal 2021 357309
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS ENERGI VANNKRAFT AS. Revenue 931.92m NOK → 483.26m NOK (-48.1%). Net result +467.85m NOK → +112.24m NOK. Equity 2.30bn NOK → 2.34bn NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS ENERGI VANNKRAFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -59.23m NOK → +179.94m NOK (op. margin -6.4% → 37.2%). Calculated
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Equity strengthened
Book equity 2.30bn NOK → 2.34bn NOK (equity ratio 86.3% → 88.4%). Calculated
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Payroll decreased
Salary cost 11.69m NOK → 11.20m NOK (1% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 931.92m NOK to 483.26m NOK (-48.1% YoY). Calculated
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↓
Net result weakened
Net result +467.85m NOK → +112.24m NOK (net margin 50.2% → 23.2%). Calculated
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↓
Cash fell
Bank deposits 14.93m NOK → 10.57m NOK (-29.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 968.41m NOK → 277.42m NOK (-71.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.19bn NOK → 2.27bn NOK. Reported fact