AE RESTAURANTDRIFT AS: årsregnskap 2020 vs 2019
Shrank 36% on revenue, slipped into loss
approved 2021-05-25; registry 2021-07-05; journal 2021 447113
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AE RESTAURANTDRIFT AS. Revenue 15.93m NOK → 10.20m NOK (-36.0%). Net result +191.0k NOK → -1.09m NOK. Equity 736.4k NOK → -351.5k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AE RESTAURANTDRIFT AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 140.6k NOK → 583.1k NOK (+314.7% YoY). Calculated
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Payroll decreased
Salary cost 4.21m NOK → 2.38m NOK (26% → 23% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.93m NOK to 10.20m NOK (-36.0% YoY). Calculated
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↓
Operating result weakened
Operating result +265.5k NOK → -1.39m NOK (op. margin 1.7% → -13.7%). Calculated
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Fell into a net loss
Net result flipped from 191.0k NOK profit to a loss of 1.09m NOK. Calculated
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Equity eroded
Book equity 736.4k NOK → -351.5k NOK (equity ratio 35.8% → -11.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.86m NOK → 2.21m NOK (-42.8% YoY). Calculated