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Org.nr 989 797 425 2019 → 2020 Year-over-year analysis

AERIS AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue, slipped into loss

approved 2021-08-18; registry 2021-08-31; journal 2021 654819

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AERIS AS. Revenue 11.38m NOK → 10.14m NOK (-10.9%). Net result +126.3k NOK → -253.2k NOK. Equity 1.52m NOK → 1.26m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AERIS AS.

At a glance

Scorecard

Revenue
11.38m NOK 10.14m NOK
-10.9%
Operating result
+158.5k NOK -319.0k NOK
-301.2%
Net result
+126.3k NOK -253.2k NOK
-300.5%
Equity
1.52m NOK 1.26m NOK
-16.7%
Cash
1.60m NOK 1.56m NOK
-2.9%
Total assets
3.06m NOK n/m
—

What improved

  • ↑

    Payroll decreased

    Salary cost 2.96m NOK → 2.92m NOK (26% → 29% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.38m NOK to 10.14m NOK (-10.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +158.5k NOK → -319.0k NOK (op. margin 1.4% → -3.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 126.3k NOK profit to a loss of 253.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.52m NOK → 1.26m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 1.60m NOK → 1.56m NOK (-2.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.02m NOK → 6.37m NOK (-9.3% YoY). Calculated