AERO-TEC AS: årsregnskap 2020 vs 2019
Grew 53% on revenue, weaker earnings
approved 2021-05-30; registry 2021-08-02; journal 2021 603812
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AERO-TEC AS. Revenue 2.34m NOK → 3.59m NOK (+53.4%). Net result +307.9k NOK → +175.2k NOK. Equity 162.4k NOK → 1.34m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AERO-TEC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.34m NOK to 3.59m NOK (+53.4% YoY). Calculated
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↑
Equity strengthened
Book equity 162.4k NOK → 1.34m NOK (equity ratio 9.6% → 74.0%). Calculated
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↑
Cash rose
Bank deposits 43.1k NOK → 421.6k NOK (+877.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +428.1k NOK → +257.7k NOK (op. margin 18.3% → 7.2%). Calculated
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↓
Net result weakened
Net result +307.9k NOK → +175.2k NOK (net margin 13.1% → 4.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 6 675 NOK → 1.84m NOK (0% → 51% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 699.9k NOK → 1.20m NOK (+71.7% YoY). Calculated