AKERSHUSGRUPPEN AS: årsregnskap 2020 vs 2019
Grew 197188% on revenue, weaker earnings, cash halved-plus
approved 2021-04-19; registry 2021-05-20; journal 2021 233067
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKERSHUSGRUPPEN AS. Revenue 6 963 NOK → 13.74m NOK (+197188.5%). Net result +7.42m NOK → +2.08m NOK. Equity 11.95m NOK → 13.10m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for AKERSHUSGRUPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6 963 NOK to 13.74m NOK (+197188.5% YoY). Calculated
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Operating result improved
Operating result -1.56m NOK → +2.54m NOK (op. margin -22407.0% → 18.5%). Calculated
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Equity strengthened
Book equity 11.95m NOK → 13.10m NOK (equity ratio 22.4% → 17.9%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 2.69×. Calculated
What deteriorated
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↓
Net result weakened
Net result +7.42m NOK → +2.08m NOK (net margin 106530.3% → 15.2%). Calculated
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↓
Cash fell
Bank deposits 38.38m NOK → 5.82m NOK (-84.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (38.38m NOK → 5.82m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5 359 NOK → 7.71m NOK (77% → 56% of revenue). Calculated
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Book investments changed
Investment / intangible book value 12.1k NOK → 13.44m NOK. Reported fact