AION AS: årsregnskap 2019 vs 2018
Grew 107% on revenue
approved 2020-08-20; registry 2020-08-26; journal 2020 719801
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AION AS. Revenue 390.5k NOK → 809.3k NOK (+107.2%). Equity -29.0k NOK → -188.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 390.5k NOK to 809.3k NOK (+107.2% YoY). Calculated
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↑
Cash rose
Bank deposits 3 941 NOK → 8 332 NOK (+111.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -114.3k NOK → -138.6k NOK (op. margin -29.3% → -17.1%). Calculated
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↓
Equity eroded
Book equity -29.0k NOK → -188.6k NOK (equity ratio -19.8% → -67.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.75× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -67.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 342.3k NOK (0% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 261.9k NOK → 492.3k NOK (+88.0% YoY). Calculated