AIR ENERGI NORWAY AS: årsregnskap 2020 vs 2019
Grew 26% on revenue, returned to profit
approved 2021-09-01; registry 2021-10-27; journal 2021 878748
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR ENERGI NORWAY AS. Revenue 17.55m NOK → 22.04m NOK (+25.6%). Net result -209.2k NOK → +31.9k NOK. Equity -1.49m NOK → -1.46m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 17.55m NOK to 22.04m NOK (+25.6% YoY). Calculated
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Operating result improved
Operating result -203.9k NOK → +84.1k NOK (op. margin -1.2% → 0.4%). Calculated
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Turned profitable
Net result flipped from a loss of 209.2k NOK to a profit of 31.9k NOK. Calculated
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Equity strengthened
Book equity -1.49m NOK → -1.46m NOK (equity ratio -31.4% → -16.6%). Calculated
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Cash rose
Bank deposits 469.9k NOK → 507.7k NOK (+8.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2.07m NOK → 2.74m NOK (12% → 12% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.68m NOK → 18.79m NOK (+28.0% YoY). Calculated