AEROTEC MANAGEMENT AS: årsregnskap 2020 vs 2019
Returned to profit, fresh owner capital
approved 2021-04-20; registry 2021-05-12; journal 2021 285833
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEROTEC MANAGEMENT AS. Revenue 824.0k NOK → 804.7k NOK (-2.3%). Net result -33.7k NOK → +119.8k NOK. Equity 82.2k NOK → 32.9k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROTEC MANAGEMENT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -43.3k NOK → +153.0k NOK (op. margin -5.3% → 19.0%). Calculated
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Turned profitable
Net result flipped from a loss of 33.7k NOK to a profit of 119.8k NOK. Calculated
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Cash rose
Bank deposits 401.1k NOK → 457.4k NOK (+14.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 60.0k NOK (+30.0k NOK). Reported fact
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Payroll decreased
Salary cost 698.0k NOK → 458.9k NOK (85% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 824.0k NOK to 804.7k NOK (-2.3% YoY). Calculated
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↓
Equity eroded
Book equity 82.2k NOK → 32.9k NOK (equity ratio 19.2% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation