Org.nr 914 626 579 2019 → 2020 Year-over-year analysis

AIGNITE AS: årsregnskap 2020 vs 2019

Shrank 24% on revenue, weaker earnings

approved 2021-06-29; registry 2021-07-01; journal 2021 509387

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for AIGNITE AS. Revenue 1.89m NOK → 1.43m NOK (-24.1%). Net result +714.8k NOK → +419.8k NOK. Equity 12.14m NOK → 12.15m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

Scorecard

Revenue
1.89m NOK 1.43m NOK
-24.1%
Operating result
+913.8k NOK +536.9k NOK
-41.2%
Net result
+714.8k NOK +419.8k NOK
-41.3%
Equity
12.14m NOK 12.15m NOK
+0.1%
Cash
587.2k NOK 428.9k NOK
-27.0%
Total assets
1.30m NOK 917.1k NOK
-29.5%

What improved

  • ↑

    Equity strengthened

    Book equity 12.14m NOK → 12.15m NOK (equity ratio 934.0% → 1325.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5868.49bn NOK → 4 NOK (310687304% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.89m NOK to 1.43m NOK (-24.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +913.8k NOK → +536.9k NOK (op. margin 48.4% → 37.5%). Calculated

  • ↓

    Net result weakened

    Net result +714.8k NOK → +419.8k NOK (net margin 37.8% → 29.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 587.2k NOK → 428.9k NOK (-27.0% YoY). Calculated