Org.nr 973 196 898 2019 → 2020 Year-over-year analysis

AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2020 vs 2019

Shrank 88% on revenue, weaker earnings, cash halved-plus

approved 2021-06-30; registry 2021-08-19; journal 2021 647875

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 1.51m NOK → 176.6k NOK (-88.3%). Net result +278.3k NOK → +25.3k NOK. Equity -175.5k NOK → -150.3k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.

Scorecard

Revenue
1.51m NOK 176.6k NOK
-88.3%
Operating result
+280.7k NOK +25.3k NOK
-91.0%
Net result
+278.3k NOK +25.3k NOK
-90.9%
Equity
-175.5k NOK -150.3k NOK
+14.4%
Cash
192.5k NOK 1 622 NOK
-99.2%
Total assets
687.6k NOK 348.9k NOK
-49.3%

What improved

  • ↑

    Equity strengthened

    Book equity -175.5k NOK → -150.3k NOK (equity ratio -25.5% → -43.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.51m NOK to 176.6k NOK (-88.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +280.7k NOK → +25.3k NOK (op. margin 18.5% → 14.3%). Calculated

  • ↓

    Net result weakened

    Net result +278.3k NOK → +25.3k NOK (net margin 18.4% → 14.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 192.5k NOK → 1 622 NOK (-99.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -43.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1 → 0. Reported fact