FirmaIQ
Org.nr 989 176 935 2019 → 2020 Year-over-year analysis

AET HOLDING ARENDAL AS: årsregnskap 2020 vs 2019

Shrank 69% on revenue

approved 2021-08-16; registry 2021-09-16; journal 2021 711248

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AET HOLDING ARENDAL AS. Revenue 682.4k NOK → 213.2k NOK (-68.8%). Net result +3.97m NOK → +4.01m NOK. Equity 8.52m NOK → 9.14m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
682.4k NOK 213.2k NOK
-68.8%
Operating result
+383.4k NOK +997.9k NOK
+160.2%
Net result
+3.97m NOK +4.01m NOK
+1.2%
Equity
8.52m NOK 9.14m NOK
+7.2%
Cash
3.09m NOK 3.40m NOK
+10.0%
Total assets
8.68m NOK 9.47m NOK
+9.2%

What improved

  • ↑

    Operating result improved

    Operating result +383.4k NOK → +997.9k NOK (op. margin 56.2% → 468.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 8.52m NOK → 9.14m NOK (equity ratio 98.2% → 96.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.09m NOK → 3.40m NOK (+10.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 682.4k NOK to 213.2k NOK (-68.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 6 NOK → 54.70m NOK (0% → 25658% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 37.25m NOK → 74.64m NOK (+100.4% YoY). Calculated