A.I.VENT AS: årsregnskap 2019 vs 2018
Grew 45% on revenue, returned to profit, cash halved-plus
approved 2020-08-26; registry 2020-09-03; journal 2020 732242
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.I.VENT AS. Revenue 11.14m NOK → 16.13m NOK (+44.7%). Net result -264.7k NOK → +535.7k NOK. Equity 1.02m NOK → 1.56m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A.I.VENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 11.14m NOK to 16.13m NOK (+44.7% YoY). Calculated
-
↑
Operating result improved
Operating result -210.6k NOK → +633.9k NOK (op. margin -1.9% → 3.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 264.7k NOK to a profit of 535.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.02m NOK → 1.56m NOK (equity ratio 23.9% → 21.3%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 592.8k NOK → 267.9k NOK (-54.8% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 7.36m NOK → 10.17m NOK (66% → 63% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 1.73m NOK → 742.4k NOK (-57.0% YoY). Calculated