AIRCONTACT GROUP INVEST AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-04-14; registry 2021-07-10; journal 2021 466927
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRCONTACT GROUP INVEST AS. Revenue 629.8k NOK → 652.2k NOK (+3.6%). Net result -691.1k NOK → -307.2k NOK. Equity 10.55m NOK → 10.24m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AIRCONTACT GROUP INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 629.8k NOK to 652.2k NOK (+3.6% YoY). Calculated
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↑
Operating result improved
Operating result -213.3k NOK → -77.9k NOK (op. margin -33.9% → -11.9%). Calculated
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↑
Net result improved
Net result -691.1k NOK → -307.2k NOK (net margin -109.7% → -47.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.55m NOK → 10.24m NOK (equity ratio 36.3% → 56.9%). Calculated
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↓
Cash fell
Bank deposits 775.6k NOK → 317.5k NOK (-59.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.48× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 10.47m NOK → 10.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 10.18m NOK → 10.2k NOK. Reported fact