AEKO GRUPPEN AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, slipped into loss, fresh owner capital
approved 2021-06-30; registry 2021-08-21; journal 2021 631218
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEKO GRUPPEN AS. Revenue 818.4k NOK → 306.9k NOK (-62.5%). Net result +1.40m NOK → -256.8k NOK. Equity 12.00m NOK → 42.50m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AEKO GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 12.00m NOK → 42.50m NOK (equity ratio 53.8% → 96.3%). Calculated
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↑
Cash rose
Bank deposits 149.7k NOK → 2.01m NOK (+1246.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 6.90×. Calculated
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↑
Owners injected capital
Paid-in equity rose 10.00m NOK → 40.75m NOK (+30.75m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 818.4k NOK to 306.9k NOK (-62.5% YoY). Calculated
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↓
Operating result weakened
Operating result -1.99m NOK → -2.02m NOK (op. margin -243.0% → -658.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.40m NOK profit to a loss of 256.8k NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.87m NOK → 2.44m NOK (228% → 794% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 16.38m NOK → 39.38m NOK. Reported fact