AIP UTLEIE AS: årsregnskap 2020 vs 2019
Grew 49% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-27; journal 2021 878892
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIP UTLEIE AS. Revenue 11.08m NOK → 16.52m NOK (+49.1%). Net result +306.3k NOK → +485.6k NOK. Equity 773.6k NOK → 571.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIP UTLEIE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.08m NOK to 16.52m NOK (+49.1% YoY). Calculated
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Operating result improved
Operating result +539.7k NOK → +720.8k NOK (op. margin 4.9% → 4.4%). Calculated
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Net result improved
Net result +306.3k NOK → +485.6k NOK (net margin 2.8% → 2.9%). Calculated
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Cash rose
Bank deposits 95.6k NOK → 447.2k NOK (+367.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 773.6k NOK → 571.4k NOK (equity ratio 8.7% → 5.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.09m NOK → 1.59m NOK (10% → 10% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.06m NOK → 5.79m NOK (+42.4% YoY). Calculated