AIP GRUPPEN AS: årsregnskap 2020 vs 2019
Shrank 5% on revenue, slipped into loss, cash halved-plus
approved 2021-08-31; registry 2021-10-30; journal 2021 879014
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIP GRUPPEN AS. Revenue 8.43m NOK → 7.98m NOK (-5.4%). Net result +1.25m NOK → -799.3k NOK. Equity 906.0k NOK → 470.1k 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 AIP GRUPPEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.43m NOK to 7.98m NOK (-5.4% YoY). Calculated
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Operating result weakened
Operating result +594.7k NOK → -672.8k NOK (op. margin 7.1% → -8.4%). Calculated
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Fell into a net loss
Net result flipped from 1.25m NOK profit to a loss of 799.3k NOK. Calculated
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Equity eroded
Book equity 906.0k NOK → 470.1k NOK (equity ratio 12.7% → 8.0%). Calculated
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Cash fell
Bank deposits 216.8k NOK → 41.2k NOK (-81.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 220.0k NOK → 4.22m NOK. Reported fact