FirmaIQ
Org.nr 898 433 072 2019 → 2020 Year-over-year analysis

AERO NORWAY AS: årsregnskap 2020 vs 2019

Shrank 25% on revenue, weaker earnings, cash halved-plus

approved 2021-04-08; registry 2021-06-08; journal 2021 268344

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AERO NORWAY AS. Revenue 214.99m NOK → 161.54m NOK (-24.9%). Net result +2390.65bn NOK → +4.47m NOK. Equity 12.88m NOK → 17.35m NOK.

On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AERO NORWAY AS.

At a glance

Scorecard

Revenue
214.99m NOK 161.54m NOK
-24.9%
Operating result
+4.23m NOK +6.24m NOK
+47.7%
Net result
+2390.65bn NOK +4.47m NOK
-100.0%
Equity
12.88m NOK 17.35m NOK
+34.7%
Cash
5.39m NOK 906.2k NOK
-83.2%
Total assets
76.50m NOK 50.91m NOK
-33.4%

What improved

  • ↑

    Operating result improved

    Operating result +4.23m NOK → +6.24m NOK (op. margin 2.0% → 3.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 12.88m NOK → 17.35m NOK (equity ratio 16.8% → 34.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 214.99m NOK to 161.54m NOK (-24.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +2390.65bn NOK → +4.47m NOK (net margin 1111994.5% → 2.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.39m NOK → 906.2k NOK (-83.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.39m NOK → 906.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation