FirmaIQ
Org.nr 976 208 277 2019 → 2020 Year-over-year analysis

AIRCRAFT ENGINEERING AS: årsregnskap 2020 vs 2019

Shrank 41% on revenue, stronger earnings

approved 2021-05-28; registry 2021-06-19; journal 2021 356305

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRCRAFT ENGINEERING AS. Revenue 57.3k NOK → 34.0k NOK (-40.7%). Net result +2 699 NOK → +26.5k NOK. Equity 493.4k NOK → 10.52m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRCRAFT ENGINEERING AS.

At a glance

Scorecard

Revenue
57.3k NOK 34.0k NOK
-40.7%
Operating result
+30.0k NOK +33.8k NOK
+12.9%
Net result
+2 699 NOK +26.5k NOK
+883.2%
Equity
493.4k NOK 10.52m NOK
+2032.1%
Cash
1 529 NOK 1 529 NOK
0.0%
Total assets
881.6k NOK 589.7k NOK
-33.1%

What improved

  • ↑

    Operating result improved

    Operating result +30.0k NOK → +33.8k NOK (op. margin 52.3% → 99.5%). Calculated

  • ↑

    Net result improved

    Net result +2 699 NOK → +26.5k NOK (net margin 4.7% → 78.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 493.4k NOK → 10.52m NOK (equity ratio 56.0% → 1783.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 57.3k NOK to 34.0k NOK (-40.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad -13.7k NOK → -41.6k NOK (-203.5% YoY). Calculated