FirmaIQ
Org.nr 983 701 469 2019 → 2020 Year-over-year analysis

AKERSHUS ENERGI VARME AS: årsregnskap 2020 vs 2019

Shrank 32% on revenue, slipped into loss, cash halved-plus

approved 2021-05-21; registry 2021-06-21; journal 2021 357315

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKERSHUS ENERGI VARME AS. Revenue 197.41m NOK → 133.74m NOK (-32.3%). Net result +18.52m NOK → -16.56m NOK. Equity 327.06m NOK → 310.50m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS ENERGI VARME AS.

At a glance

Scorecard

Revenue
197.41m NOK 133.74m NOK
-32.3%
Operating result
+34.47m NOK -9.68m NOK
-128.1%
Net result
+18.52m NOK -16.56m NOK
-189.4%
Equity
327.06m NOK 310.50m NOK
-5.1%
Cash
22.67m NOK 978.0k NOK
-95.7%
Total assets
834.24m NOK 821.00m NOK
-1.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 197.41m NOK to 133.74m NOK (-32.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +34.47m NOK → -9.68m NOK (op. margin 17.5% → -7.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 18.52m NOK profit to a loss of 16.56m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 327.06m NOK → 310.50m NOK (equity ratio 39.2% → 37.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 22.67m NOK → 978.0k NOK (-95.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (22.67m NOK → 978.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 84.84m NOK → 59.63m NOK (-29.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.64m NOK → 1.68m NOK. Reported fact