AE ELEKTRO AS: årsregnskap 2020 vs 2019
Shrank 50% on revenue
approved 2021-03-09; registry 2021-03-13; journal 2021 145358
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AE ELEKTRO AS. Revenue 657.3k NOK → 329.0k NOK (-49.9%). Net result -105 NOK → -1 076 NOK. Equity 279.1k NOK → 278.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AE ELEKTRO AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 1.16m NOK → 10.1k NOK (176% → 3% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 657.3k NOK to 329.0k NOK (-49.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +1 028 NOK → -1 437 NOK (op. margin 0.2% → -0.4%). Calculated
-
↓
Equity eroded
Book equity 279.1k NOK → 278.0k NOK (equity ratio 74.0% → 91.2%). Calculated
-
↓
Cash fell
Bank deposits 204.4k NOK → 159.2k NOK (-22.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 294.8k NOK → 169.5k NOK (-42.5% YoY). Calculated