AEO AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue
approved 2021-08-30; registry 2021-09-27; journal 2021 816905
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEO AS. Revenue 1.30m NOK → 1.17m NOK (-9.7%). Net result +472.2k NOK → +528.4k NOK. Equity 2.00m NOK → 2.59m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AEO AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +472.2k NOK → +528.4k NOK (net margin 36.4% → 45.1%). Calculated
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↑
Equity strengthened
Book equity 2.00m NOK → 2.59m NOK (equity ratio 64.7% → 71.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.30m NOK to 1.17m NOK (-9.7% YoY). Calculated
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↓
Operating result weakened
Operating result +692.3k NOK → +684.8k NOK (op. margin 53.4% → 58.5%). Calculated
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↓
Cash fell
Bank deposits 325.5k NOK → 277.5k NOK (-14.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.83× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 5 NOK → 400.3k NOK (0% → 34% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.17m NOK → 3.17m NOK. Reported fact