AIRCONTACT GROUP AS: årsregnskap 2020 vs 2019
Shrank 46% on revenue, weaker earnings
approved 2021-05-31; registry 2021-07-10; journal 2021 466881
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRCONTACT GROUP AS. Revenue 15.27m NOK → 8.32m NOK (-45.5%). Net result +41.13m NOK → +13 NOK. Equity 10.29bn NOK → 13.30m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -17.66m NOK → -15.24m NOK (op. margin -115.7% → -183.2%). Calculated
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Payroll decreased
Salary cost 4.25bn NOK → 4.19m NOK (27842% → 50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.27m NOK to 8.32m NOK (-45.5% YoY). Calculated
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Net result weakened
Net result +41.13m NOK → +13 NOK (net margin 269.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 10.29bn NOK → 13.30m NOK (equity ratio 2791.7% → 3115.1%). Calculated
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Cash fell
Bank deposits 171.08m NOK → 86.44m NOK (-49.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.72× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 32.46m NOK → 29.79m NOK (-8.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8.46m NOK → 2.24m NOK. Reported fact