AERO SERVICE TECHNOLOGY NORWAY AS: årsregnskap 2020 vs 2019
Grew 591102% on revenue, returned to profit, fresh owner capital
approved 2021-06-24; registry 2021-07-28; journal 2021 551995
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AERO SERVICE TECHNOLOGY NORWAY AS. Revenue 4 932 NOK → 29.16m NOK (+591101.9%). Net result -402.1k NOK → +233.4k NOK. Equity 35.11m NOK → 34.92m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4 932 NOK to 29.16m NOK (+591101.9% YoY). Calculated
-
↑
Operating result improved
Operating result -537.8k NOK → +697.3k NOK (op. margin -10904.5% → 2.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 402.1k NOK to a profit of 233.4k NOK. Calculated
-
↑
Cash rose
Bank deposits 551.7k NOK → 13.20m NOK (+2293.1% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 35.5k NOK → 35.51m NOK (+35.48m NOK). Reported fact
What deteriorated
-
↓
Equity eroded
Book equity 35.11m NOK → 34.92m NOK (equity ratio 87.9% → 88.0%). Calculated