AION INVEST AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2021-03-26; registry 2021-05-08; journal 2021 269392
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AION INVEST AS. Revenue 10.4k NOK → 0 NOK (-100.0%). Net result +17.2k NOK → -1.20m NOK. Equity -319.4k NOK → -1.52m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AION INVEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 10.4k NOK to 0 NOK (-100.0% YoY). Calculated
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Operating result weakened
Operating result -56 NOK → -11.2k NOK. Calculated
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Fell into a net loss
Net result flipped from 17.2k NOK profit to a loss of 1.20m NOK. Calculated
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Equity eroded
Book equity -319.4k NOK → -1.52m NOK (equity ratio -25.7% → -2588.3%). Calculated
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Cash fell
Bank deposits 9 684 NOK → 480 NOK (-95.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2588.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1.24m NOK → 58.3k NOK. Reported fact