AEX TRANSPORT AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, returned to profit
approved 2021-06-28; registry 2021-09-01; journal 2021 657596
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AEX TRANSPORT AS. Revenue 19.11m NOK → 17.32m NOK (-9.4%). Net result -626.5k NOK → +222.2k NOK. Equity -277.0k NOK → -54.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AEX TRANSPORT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -522.1k NOK → +296.8k NOK (op. margin -2.7% → 1.7%). Calculated
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Turned profitable
Net result flipped from a loss of 626.5k NOK to a profit of 222.2k NOK. Calculated
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Equity strengthened
Book equity -277.0k NOK → -54.8k NOK (equity ratio -4.9% → -1.2%). Calculated
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Cash rose
Bank deposits 370.7k NOK → 545.9k NOK (+47.2% YoY). Calculated
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Payroll decreased
Salary cost 3.13m NOK → 2.02m NOK (16% → 12% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 19.11m NOK to 17.32m NOK (-9.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 12.67m NOK → 10.90m NOK (-14.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 57.4k NOK → 116.0k NOK. Reported fact