AI ACCOUNTING AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, slipped into loss
approved 2021-05-16; registry 2021-05-22; journal 2021 309628
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AI ACCOUNTING AS. Revenue 3.03m NOK → 2.82m NOK (-7.0%). Net result +787 NOK → -35.1k NOK. Equity 315.2k NOK → 280.1k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 362.5k NOK → 529.5k NOK (+46.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.85m NOK → 2.68m NOK (94% → 95% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.03m NOK to 2.82m NOK (-7.0% YoY). Calculated
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↓
Operating result weakened
Operating result +899 NOK → -44.6k NOK (op. margin 0.0% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 787 NOK profit to a loss of 35.1k NOK. Calculated
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↓
Equity eroded
Book equity 315.2k NOK → 280.1k NOK (equity ratio 206.7% → 30.3%). Calculated