AIR BUILDING AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-03-01; registry 2021-03-04; journal 2021 133403
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR BUILDING AS. Revenue 2.80m NOK → 2.74m NOK (-2.2%). Net result -78.9k NOK → -80.2k NOK. Equity -70.3k NOK → -150.6k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR BUILDING AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 105.4k NOK → 438.0k NOK (+315.5% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.81m NOK → 1.72m NOK (65% → 63% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.80m NOK to 2.74m NOK (-2.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -71.4k NOK → -75.5k NOK (op. margin -2.6% → -2.8%). Calculated
-
↓
Equity eroded
Book equity -70.3k NOK → -150.6k NOK (equity ratio -13.3% → -18.6%). Calculated
-
↓
COGS moved
COGS / varekostnad 514.7k NOK → 521.1k NOK (+1.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -18.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation