AICONO AS: årsregnskap 2020 vs 2019
Grew 318% on revenue, stronger earnings
approved 2021-03-23; registry 2021-05-05; journal 2021 262335
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AICONO AS. Revenue 218.9k NOK → 915.0k NOK (+317.9%). Net result +90.2k NOK → +183.4k NOK. Equity 6.13m NOK → 50.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AICONO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 218.9k NOK to 915.0k NOK (+317.9% YoY). Calculated
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↑
Operating result improved
Operating result +114.1k NOK → +239.8k NOK (op. margin 52.1% → 26.2%). Calculated
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Net result improved
Net result +90.2k NOK → +183.4k NOK (net margin 41.2% → 20.0%). Calculated
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Cash rose
Bank deposits 76.5k NOK → 414.0k NOK (+441.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.13m NOK → 50.0k NOK (equity ratio 2992.0% → 7.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 35.0k NOK → 29.8k NOK (-14.8% YoY). Calculated