AICONDI AS: årsregnskap 2020 vs 2019
Shrank 45% on revenue, stronger earnings
approved 2021-07-20; registry 2021-09-23; journal 2021 794081
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AICONDI AS. Revenue 134.8k NOK → 74.1k NOK (-45.1%). Net result -29.4k NOK → -6 215 NOK. Equity 3 487 NOK → -2 729 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AICONDI AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -29.0k NOK → -6 058 NOK (op. margin -21.5% → -8.2%). Calculated
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Net result improved
Net result -29.4k NOK → -6 215 NOK (net margin -21.8% → -8.4%). Calculated
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Cash rose
Bank deposits 7 087 NOK → 15.5k NOK (+119.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 134.8k NOK to 74.1k NOK (-45.1% YoY). Calculated
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Equity eroded
Book equity 3 487 NOK → -2 729 NOK (equity ratio 13.4% → -8.4%). Calculated
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Current ratio dropped below 1×
Current ratio 1.16× → 0.92× — 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 -8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation