AI BUSINESS LAB AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, stronger earnings
approved 2021-06-03; registry 2021-06-26; journal 2021 395709
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AI BUSINESS LAB AS. Revenue 35.97m NOK → 30.99m NOK (-13.9%). Net result +3.44m NOK → +4.34m NOK. Equity 2.19m NOK → 2.30m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AI BUSINESS LAB AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -82.3k NOK → -70.6k NOK (op. margin -0.2% → -0.2%). Calculated
-
↑
Net result improved
Net result +3.44m NOK → +4.34m NOK (net margin 9.6% → 14.0%). Calculated
-
↑
Equity strengthened
Book equity 2.19m NOK → 2.30m NOK (equity ratio 26.2% → 25.8%). Calculated
-
↑
Cash rose
Bank deposits 3 347 NOK → 60.5k NOK (+1707.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 17.56m NOK → 13.47m NOK (49% → 43% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 35.97m NOK to 30.99m NOK (-13.9% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 7.39m NOK → 5.39m NOK (-27.0% YoY). Calculated