AIO HOLDING AS: årsregnskap 2020 vs 2019
Shrank 43% on revenue, stronger earnings, cash halved-plus
approved 2021-07-14; registry 2021-08-30; journal 2021 652123
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIO HOLDING AS. Revenue 628.6k NOK → 355.5k NOK (-43.4%). Net result +441.3k NOK → +10.14m NOK. Equity 8.40m NOK → 8.34m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +441.3k NOK → +10.14m NOK (net margin 70.2% → 2851.1%). Calculated
-
↑
Payroll decreased
Salary cost 11.5k NOK → 5 NOK (2% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 628.6k NOK to 355.5k NOK (-43.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +493.7k NOK → +152.5k NOK (op. margin 78.5% → 42.9%). Calculated
-
↓
Equity eroded
Book equity 8.40m NOK → 8.34m NOK (equity ratio 85.1% → 85.3%). Calculated
-
↓
Cash fell
Bank deposits 532.4k NOK → 251.7k NOK (-52.7% YoY). Calculated