AEKO LIAVEIGARASJEN AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, weaker earnings
approved 2021-06-26; registry 2021-07-27; journal 2021 555781
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEKO LIAVEIGARASJEN AS. Revenue 168.0k NOK → 197.2k NOK (+17.4%). Net result -26.0k NOK → -93.5k NOK. Equity -1 541 NOK → -95.0k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AEKO LIAVEIGARASJEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 168.0k NOK to 197.2k NOK (+17.4% YoY). Calculated
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↑
Cash rose
Bank deposits 47.3k NOK → 135.8k NOK (+187.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.21× → 21.00×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -25.9k NOK → -93.3k NOK (op. margin -15.4% → -47.3%). Calculated
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↓
Net result weakened
Net result -26.0k NOK → -93.5k NOK (net margin -15.5% → -47.4%). Calculated
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↓
Equity eroded
Book equity -1 541 NOK → -95.0k NOK (equity ratio -0.2% → -10.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 149.0k NOK → 198.7k NOK (+33.3% YoY). Calculated