FirmaIQ
Org.nr 913 364 805 2019 → 2020 Year-over-year analysis

AINNOVATE AS: årsregnskap 2020 vs 2019

Shrank 97% on revenue, stronger earnings

approved 2021-06-09; registry 2021-06-12; journal 2021 415742

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AINNOVATE AS. Revenue 939.5k NOK → 32.6k NOK (-96.5%). Net result +28.4k NOK → +62.8k NOK. Equity 196.1k NOK → 158.9k NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
939.5k NOK 32.6k NOK
-96.5%
Operating result
+36.63m NOK +80.9k NOK
-99.8%
Net result
+28.4k NOK +62.8k NOK
+121.4%
Equity
196.1k NOK 158.9k NOK
-19.0%
Cash
349.4k NOK 371.6k NOK
+6.3%
Total assets
361.2k NOK 453.2k NOK
+25.5%

What improved

  • ↑

    Net result improved

    Net result +28.4k NOK → +62.8k NOK (net margin 3.0% → 192.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 349.4k NOK → 371.6k NOK (+6.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 939.5k NOK to 32.6k NOK (-96.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +36.63m NOK → +80.9k NOK (op. margin 3898.6% → 248.3%). Calculated

  • ↓

    Equity eroded

    Book equity 196.1k NOK → 158.9k NOK (equity ratio 54.3% → 35.1%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 39.0k NOK → 73.9k NOK (+89.3% YoY). Calculated