AEROSPORT ENGINEERING AS: årsregnskap 2020 vs 2019
Shrank 32% on revenue, stronger earnings
registry 2021-06-16; journal 2021 434600
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEROSPORT ENGINEERING AS. Revenue 50.0k NOK → 34.1k NOK (-31.7%). Net result -88.3k NOK → -25.7k NOK. Equity -205.1k NOK → -230.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROSPORT ENGINEERING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -86.1k NOK → -24.7k NOK (op. margin -172.3% → -72.3%). Calculated
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↑
Net result improved
Net result -88.3k NOK → -25.7k NOK (net margin -176.6% → -75.4%). Calculated
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Cash rose
Bank deposits 3 674 NOK → 5 898 NOK (+60.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 50.0k NOK to 34.1k NOK (-31.7% YoY). Calculated
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↓
Equity eroded
Book equity -205.1k NOK → -230.9k NOK (equity ratio -5.3% → -5.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation