AIRBIT AS: årsregnskap 2020 vs 2019
Grew 112% on revenue, stronger earnings
approved 2021-08-19; registry 2021-08-23; journal 2021 660518
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRBIT AS. Revenue 1.31m NOK → 2.79m NOK (+112.3%). Net result +166.3k NOK → +584.4k NOK. Equity 8.19m NOK → 11.78m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRBIT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.31m NOK to 2.79m NOK (+112.3% YoY). Calculated
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Operating result improved
Operating result +213.3k NOK → +724.1k NOK (op. margin 16.2% → 26.0%). Calculated
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Net result improved
Net result +166.3k NOK → +584.4k NOK (net margin 12.6% → 20.9%). Calculated
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Equity strengthened
Book equity 8.19m NOK → 11.78m NOK (equity ratio 1462.3% → 807.8%). Calculated
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Cash rose
Bank deposits 157.7k NOK → 774.4k NOK (+391.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 4 206 NOK → 17.8k NOK (0% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 4 330 NOK → 1.23m NOK (+28218.4% YoY). Calculated