AIP GRUPPEN AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-12-20; registry 2023-01-02; journal 2022 948659
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIP GRUPPEN AS. Revenue 7.98m NOK → 7.84m NOK (-1.7%). Net result -799.3k NOK → -1.08m NOK. Equity 470.1k NOK → -605.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. 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 7.98m NOK to 7.84m NOK (-1.7% YoY). Calculated
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Operating result weakened
Operating result -672.8k NOK → -1.17m NOK (op. margin -8.4% → -14.9%). Calculated
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↓
Net result weakened
Net result -799.3k NOK → -1.08m NOK (net margin -10.0% → -13.7%). Calculated
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↓
Equity eroded
Book equity 470.1k NOK → -605.6k NOK (equity ratio 8.0% → -10.4%). Calculated
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Cash fell
Bank deposits 41.2k NOK → 14.6k NOK (-64.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation