Org.nr 915 532 454 2019 → 2020 Year-over-year analysis

AIR & ENERGY AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

approved 2021-04-15; registry 2021-04-24; journal 2021 220398

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIR & ENERGY AS. Net result +58.7k NOK → -4 148 NOK. Equity -5 131 NOK → -9 279 NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR & ENERGY AS.

At a glance

Operating result

-5 872 NOK -4 147 NOK

+29.4%

Net result

+58.7k NOK -4 148 NOK

-107.1%

Equity

-5 131 NOK -9 279 NOK

-80.8%

Cash

179.8k NOK 179 NOK

-99.9%

Total assets

4 051 NOK 3 872 NOK

-4.4%

↑
Operating result improved

Operating result -5 872 NOK → -4 147 NOK. Calculated

↓
Fell into a net loss

Net result flipped from 58.7k NOK profit to a loss of 4 148 NOK. Calculated
↓
Equity eroded

Book equity -5 131 NOK → -9 279 NOK (equity ratio -126.7% → -239.6%). Calculated
↓
Cash fell

Bank deposits 179.8k NOK → 179 NOK (-99.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is -239.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation