AIP YARD AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2021-02-18; registry 2021-07-19; journal 2021 504561
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIP YARD AS. Revenue 26.40m NOK → 0 NOK (-100.0%). Net result -9 593 NOK → -24.0k NOK. Equity -10.5k NOK → -34.5k 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 YARD AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.40m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -10.1k NOK → -24.0k NOK. Calculated
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↓
Net result weakened
Net result -9 593 NOK → -24.0k NOK. Calculated
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↓
Equity eroded
Book equity -10.5k NOK → -34.5k NOK (equity ratio -29.2% → -300.0%). Calculated
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↓
Cash fell
Bank deposits 35.9k NOK → 11.5k NOK (-68.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -300.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation