AKERSHUS REKLAME TEAM AS: årsregnskap 2020 vs 2019
Grew 6% on revenue, stronger earnings, fresh owner capital
approved 2021-09-14; registry 2021-10-02; journal 2021 763819
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUS REKLAME TEAM AS. Revenue 38.80m NOK → 41.30m NOK (+6.5%). Net result +23.5k NOK → +78.7k NOK. Equity 313.8k NOK → -1.26m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKERSHUS REKLAME TEAM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 38.80m NOK to 41.30m NOK (+6.5% YoY). Calculated
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Operating result improved
Operating result +58.9k NOK → +643.0k NOK (op. margin 0.2% → 1.6%). Calculated
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Net result improved
Net result +23.5k NOK → +78.7k NOK (net margin 0.1% → 0.2%). Calculated
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Owners injected capital
Paid-in equity rose 600.0k NOK → 732.0k NOK (+132.0k NOK). Reported fact
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Payroll decreased
Salary cost 16.54m NOK → 15.45m NOK (43% → 37% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 313.8k NOK → -1.26m NOK (equity ratio 3.0% → -10.4%). Calculated
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Cash fell
Bank deposits 1.72m NOK → 1.38m NOK (-20.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 12.41m NOK → 17.10m NOK (+37.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 275.9k NOK → 205.9k NOK. Reported fact