AELEKTRIKER AS: årsregnskap 2020 vs 2019
Grew 605% on revenue, stronger earnings, cash halved-plus
approved 2021-05-04; registry 2021-05-27; journal 2021 333203
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AELEKTRIKER AS. Revenue 1.46m NOK → 10.26m NOK (+604.9%). Net result +58.9k NOK → +1.30m NOK. Equity 4.36m NOK → 1.66m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AELEKTRIKER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.46m NOK to 10.26m NOK (+604.9% YoY). Calculated
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↑
Operating result improved
Operating result +76.0k NOK → +1.66m NOK (op. margin 5.2% → 16.2%). Calculated
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↑
Net result improved
Net result +58.9k NOK → +1.30m NOK (net margin 4.0% → 12.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.36m NOK → 1.66m NOK (equity ratio 475.6% → 342.5%). Calculated
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↓
Cash fell
Bank deposits 650.6k NOK → 69.1k NOK (-89.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.64× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 5 574 NOK → 3.65m NOK (0% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 611.6k NOK → 743.3k NOK (+21.5% YoY). Calculated