AINVENT AS: årsregnskap 2019 vs 2018
Shrank 64% on revenue, stronger earnings
approved 2020-05-25; registry 2020-06-10; journal 2020 415766
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AINVENT AS. Revenue 687.0k NOK → 249.3k NOK (-63.7%). Net result -169.3k NOK → -31.0k NOK. Equity -166.2k NOK → -197.2k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AINVENT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -169.3k NOK → -31.0k NOK (net margin -24.6% → -12.4%). Calculated
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Payroll decreased
Salary cost 632.4k NOK → 225.2k NOK (92% → 90% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 687.0k NOK to 249.3k NOK (-63.7% YoY). Calculated
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Equity eroded
Book equity -166.2k NOK → -197.2k NOK (equity ratio -23.2% → -53.3%). Calculated
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Cash fell
Bank deposits 627.6k NOK → 350.0k NOK (-44.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation