Org.nr 853 040 592 2019 → 2020 Year-over-year analysis

AIRCOIL AS: årsregnskap 2020 vs 2019

Grew 11% on revenue

approved 2021-03-10; registry 2021-03-18; journal 2021 153319

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRCOIL AS. Revenue 33.96m NOK → 37.53m NOK (+10.5%). Equity 6.17m NOK → 4.13m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIRCOIL AS.

At a glance

Revenue

33.96m NOK 37.53m NOK

+10.5%

Operating result

+2.28m NOK +4.70m NOK

+106.3%

Net result

n/m +3.42m NOK

—

Equity

6.17m NOK 4.13m NOK

-33.0%

Cash

3.20m NOK 5.29m NOK

+65.2%

Total assets

9.68m NOK 11.62m NOK

+20.0%

↑
Revenue rose

Operating income / revenue moved from 33.96m NOK to 37.53m NOK (+10.5% YoY). Calculated
↑
Operating result improved

Operating result +2.28m NOK → +4.70m NOK (op. margin 6.7% → 12.5%). Calculated
↑
Cash rose

Bank deposits 3.20m NOK → 5.29m NOK (+65.2% YoY). Calculated

↓
Equity eroded

Book equity 6.17m NOK → 4.13m NOK (equity ratio 63.7% → 35.6%). Calculated

·
COGS moved

COGS / varekostnad 24.73m NOK → 26.12m NOK (+5.6% YoY). Calculated