AIDCOM HOLDING AS: årsregnskap 2020 vs 2019
Shrank 24% on revenue, weaker earnings, cash halved-plus
approved 2021-02-28; registry 2021-05-27; journal 2021 330073
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIDCOM HOLDING AS. Revenue 1.46m NOK → 1.10m NOK (-24.5%). Net result +373.0k NOK → +169.9k NOK. Equity -643.2k NOK → -473.4k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIDCOM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -643.2k NOK → -473.4k NOK (equity ratio -334.3% → -24835.2%). Calculated
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↑
Payroll decreased
Salary cost 905.9k NOK → 664.9k NOK (62% → 60% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.46m NOK to 1.10m NOK (-24.5% YoY). Calculated
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↓
Operating result weakened
Operating result +391.3k NOK → +183.7k NOK (op. margin 26.8% → 16.6%). Calculated
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↓
Net result weakened
Net result +373.0k NOK → +169.9k NOK (net margin 25.5% → 15.4%). Calculated
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↓
Cash fell
Bank deposits 183.7k NOK → 1 876 NOK (-99.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24835.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation