AINVENT AS: årsregnskap 2020 vs 2019
Shrank 56% on revenue, weaker earnings
approved 2021-04-26; registry 2021-06-16; journal 2021 429964
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AINVENT AS. Revenue 249.3k NOK → 110.8k NOK (-55.6%). Net result -31.0k NOK → -129.9k NOK. Equity -197.2k NOK → 113.0k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AINVENT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -197.2k NOK → 113.0k NOK (equity ratio -53.3% → 49.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.98×. Calculated
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↑
Payroll decreased
Salary cost 225.2k NOK → 161.5k NOK (90% → 146% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 249.3k NOK to 110.8k NOK (-55.6% YoY). Calculated
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↓
Operating result weakened
Operating result -31.2k NOK → -129.9k NOK (op. margin -12.5% → -117.3%). Calculated
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↓
Net result weakened
Net result -31.0k NOK → -129.9k NOK (net margin -12.4% → -117.2%). Calculated
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↓
Cash fell
Bank deposits 350.0k NOK → 191.9k NOK (-45.2% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 109.0k NOK → 549 NOK — check capital reduction, conversion, or reclassification. Interpretation