AIK VVS AS: årsregnskap 2020 vs 2019
Grew 109% on revenue, slipped into loss, cash halved-plus
approved 2021-06-16; registry 2021-06-24; journal 2021 470269
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIK VVS AS. Revenue 756.8k NOK → 1.58m NOK (+108.7%). Net result +191.4k NOK → -76.7k NOK. Equity 278.7k NOK → 202.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIK VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 756.8k NOK to 1.58m NOK (+108.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +223.4k NOK → -93.8k NOK (op. margin 29.5% → -5.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 191.4k NOK profit to a loss of 76.7k NOK. Calculated
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↓
Equity eroded
Book equity 278.7k NOK → 202.0k NOK (equity ratio 45.0% → 48.5%). Calculated
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↓
Cash fell
Bank deposits 187.0k NOK → 35.8k NOK (-80.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 583.2k NOK → 609.4k NOK (77% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 735.9k NOK → 798.9k NOK (+8.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 21.9k NOK → 38.4k NOK. Reported fact