Org.nr 889 740 612 2019 → 2020 Year-over-year analysis

AERO LOGICS AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

registry 2021-07-29; journal 2021 565549

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AERO LOGICS AS. Net result +5 624 NOK → -5 002 NOK. Equity -370.7k NOK → -375.7k NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AERO LOGICS AS.

At a glance

Revenue

0 NOK n/m

—

Operating result

-5 625 NOK -5 002 NOK

+11.1%

Net result

+5 624 NOK -5 002 NOK

-188.9%

Equity

-370.7k NOK -375.7k NOK

-1.3%

Cash

4 427 NOK 425 NOK

-90.4%

Total assets

58.0k NOK 54.0k NOK

-6.9%

↑
Operating result improved

Operating result -5 625 NOK → -5 002 NOK. Calculated

↓
Fell into a net loss

Net result flipped from 5 624 NOK profit to a loss of 5 002 NOK. Calculated
↓
Equity eroded

Book equity -370.7k NOK → -375.7k NOK (equity ratio -639.1% → -695.8%). Calculated
↓
Cash fell

Bank deposits 4 427 NOK → 425 NOK (-90.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is -695.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation