A.IDE AS: årsregnskap 2020 vs 2019
Shrank 69% on revenue, stronger earnings
approved 2021-09-10; registry 2021-09-14; journal 2021 755512
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.IDE AS. Revenue 72.7k NOK → 22.8k NOK (-68.7%). Net result -111.4k NOK → -16.3k NOK. Equity -84.3k NOK → -100.7k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.IDE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -110.7k NOK → -16.3k NOK (op. margin -152.2% → -71.8%). Calculated
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Net result improved
Net result -111.4k NOK → -16.3k NOK (net margin -153.2% → -71.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 72.7k NOK to 22.8k NOK (-68.7% YoY). Calculated
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↓
Equity eroded
Book equity -84.3k NOK → -100.7k NOK (equity ratio -234.9% → -382.1%). Calculated
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Cash fell
Bank deposits 26.3k NOK → 13.4k NOK (-48.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -382.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation