+ ARK AS: årsregnskap 2020 vs 2019
Grew 91249% on revenue, weaker earnings
approved 2021-03-22; registry 2021-04-08; journal 2021 183844
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for + ARK AS. Revenue 1 158 NOK → 1.06m NOK (+91249.2%). Net result +175.1k NOK → +32.8k NOK. Equity 10.79m NOK → 817.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for + ARK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 158 NOK to 1.06m NOK (+91249.2% YoY). Calculated
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↑
Cash rose
Bank deposits 462.0k NOK → 582.0k NOK (+26.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 2.13×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +158.3k NOK → +87.9k NOK (op. margin 13668.8% → 8.3%). Calculated
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↓
Net result weakened
Net result +175.1k NOK → +32.8k NOK (net margin 15123.4% → 3.1%). Calculated
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↓
Equity eroded
Book equity 10.79m NOK → 817.9k NOK (equity ratio 30369.3% → 74.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 741.1k NOK → 6.74m NOK (64002% → 637% of revenue). Calculated