AEGIR AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-08-20; registry 2021-08-25; journal 2021 674366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEGIR AS. Revenue 1.06m NOK → 1 060 NOK (-99.9%). Net result -637.6k NOK → -95.1k NOK. Equity 6.33m NOK → 230.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AEGIR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -745.0k NOK → -101.4k NOK (op. margin -70.3% → -9564.4%). Calculated
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Net result improved
Net result -637.6k NOK → -95.1k NOK (net margin -60.1% → -8970.5%). Calculated
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Payroll decreased
Salary cost 1.18m NOK → 1 184 NOK (112% → 112% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.06m NOK to 1 060 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 6.33m NOK → 230.0k NOK (equity ratio 238.2% → 100.0%). Calculated
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Cash fell
Bank deposits 2.29m NOK → 230.0k NOK (-89.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.29m NOK → 230.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation