AION AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, weaker earnings, cash halved-plus
approved 2021-06-30; registry 2021-09-06; journal 2021 677124
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AION AS. Revenue 809.3k NOK → 259.9k NOK (-67.9%). Net result -159.4k NOK → -376.7k NOK. Equity -188.6k NOK → -565.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AION AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 342.3k NOK → 208 NOK (42% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 809.3k NOK to 259.9k NOK (-67.9% YoY). Calculated
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↓
Operating result weakened
Operating result -138.6k NOK → -362.8k NOK (op. margin -17.1% → -139.6%). Calculated
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↓
Net result weakened
Net result -159.4k NOK → -376.7k NOK (net margin -19.7% → -145.0%). Calculated
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↓
Equity eroded
Book equity -188.6k NOK → -565.0k NOK (equity ratio -67.4% → -0.8%). Calculated
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↓
Cash fell
Bank deposits 8 332 NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 492.3k NOK → 393.9k NOK (-20.0% YoY). Calculated