AHJ EUROPE AS: årsregnskap 2020 vs 2019
Grew 223723% on revenue, fresh owner capital
approved 2021-04-30; registry 2021-06-19; journal 2021 353301
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AHJ EUROPE AS. Revenue 6 873 NOK → 15.38m NOK (+223722.9%). Net result -3.26m NOK → -2.97m NOK. Equity -1.23m NOK → -4.20m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AHJ EUROPE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6 873 NOK to 15.38m NOK (+223722.9% YoY). Calculated
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Operating result improved
Operating result -2.98m NOK → -2.30m NOK (op. margin -43418.2% → -14.9%). Calculated
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Net result improved
Net result -3.26m NOK → -2.97m NOK (net margin -47461.2% → -19.3%). Calculated
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Cash rose
Bank deposits 5 162 NOK → 2.87m NOK (+55469.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 2 030 NOK → 2.03m NOK (+2.03m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -1.23m NOK → -4.20m NOK (equity ratio -9.4% → -32.2%). Calculated
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Current ratio dropped below 1×
Current ratio 970.90× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -32.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 527.4k NOK → 528.9k NOK. Reported fact