AKVA GROUP ASA: årsregnskap 2020 vs 2019
Grew 21% on revenue, stronger earnings
approved 2021-05-06; registry 2021-06-16; journal 2021 316179
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKVA GROUP ASA. Revenue 940.7k NOK → 1.14m NOK (+21.2%). Net result +37.02m NOK → +197.87m NOK. Equity 883.67m NOK → 1.03m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 940.7k NOK to 1.14m NOK (+21.2% YoY). Calculated
-
↑
Net result improved
Net result +37.02m NOK → +197.87m NOK (net margin 3935.2% → 17352.5%). Calculated
-
↑
Cash rose
Bank deposits 6.18m NOK → 58.22m NOK (+842.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 1.10×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -3.60m NOK → -21.68m NOK (op. margin -382.6% → -1901.5%). Calculated
-
↓
Equity eroded
Book equity 883.67m NOK → 1.03m NOK (equity ratio 42.9% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4.14m NOK → 4.16m NOK (441% → 365% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 1.45bn NOK → 46.97m NOK. Reported fact