AKERSHUS MURFORRETNING AS: årsregnskap 2020 vs 2019
Shrank 23% on revenue, weaker earnings
approved 2021-08-31; registry 2021-10-04; journal 2021 769669
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS MURFORRETNING AS. Revenue 64.88m NOK → 49.85m NOK (-23.2%). Net result +3.80m NOK → +550.1k NOK. Equity 5.62m NOK → 169.9k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS MURFORRETNING AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 472.8k NOK → 3.80m NOK (+704.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 1.01×. Calculated
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Payroll decreased
Salary cost 19.72m NOK → 17.70m NOK (30% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 64.88m NOK to 49.85m NOK (-23.2% YoY). Calculated
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Operating result weakened
Operating result +4.89m NOK → +824.4k NOK (op. margin 7.5% → 1.7%). Calculated
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↓
Net result weakened
Net result +3.80m NOK → +550.1k NOK (net margin 5.9% → 1.1%). Calculated
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Equity eroded
Book equity 5.62m NOK → 169.9k NOK (equity ratio 42.6% → 1.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 33.32m NOK → 25.70m NOK (-22.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 400 NOK → 578.6k NOK. Reported fact