AE GROUP AS: årsregnskap 2020 vs 2019
Shrank 42% on revenue, stronger earnings, cash halved-plus
registry 2021-05-03; journal 2021 253240
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AE GROUP AS. Revenue 17.2k NOK → 10.0k NOK (-41.9%). Net result -27.1k NOK → -3 350 NOK. Equity -2 327 NOK → -5 676 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 AE GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -26.6k NOK → -2 822 NOK (op. margin -154.2% → -28.2%). Calculated
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Net result improved
Net result -27.1k NOK → -3 350 NOK (net margin -157.2% → -33.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 17.2k NOK to 10.0k NOK (-41.9% YoY). Calculated
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Equity eroded
Book equity -2 327 NOK → -5 676 NOK (equity ratio -21.8% → -988.9%). Calculated
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Cash fell
Bank deposits 10.7k NOK → 574 NOK (-94.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -988.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation