AIGI AS: årsregnskap 2020 vs 2019
Grew 24% on revenue, stronger earnings
approved 2021-06-03; registry 2021-07-03; journal 2021 514130
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIGI AS. Revenue 1.92m NOK → 2.38m NOK (+24.1%). Net result +179.6k NOK → +314.8k NOK. Equity 712.3k NOK → 27.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AIGI AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.38m NOK (+24.1% YoY). Calculated
-
↑
Operating result improved
Operating result +234.4k NOK → +412.8k NOK (op. margin 12.2% → 17.3%). Calculated
-
↑
Net result improved
Net result +179.6k NOK → +314.8k NOK (net margin 9.4% → 13.2%). Calculated
-
↑
Cash rose
Bank deposits 445.0k NOK → 936.2k NOK (+110.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 712.3k NOK → 27.1k NOK (equity ratio 74.6% → 9.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4 338 NOK → 395.5k NOK (0% → 17% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 597.8k NOK → 861 NOK (-99.9% YoY). Calculated