AIRFLOW FILTER AS: årsregnskap 2020 vs 2019
Shrank 23% on revenue, weaker earnings
registry 2021-06-24; journal 2021 395979
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRFLOW FILTER AS. Revenue 651.2k NOK → 503.7k NOK (-22.7%). Net result +148.7k NOK → +114.6k NOK. Equity 971.7k NOK → 186.2k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 44.4k NOK → 1.06m NOK (+2277.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.50× → 1.17×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 651.2k NOK to 503.7k NOK (-22.7% YoY). Calculated
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↓
Operating result weakened
Operating result +191.2k NOK → +146.5k NOK (op. margin 29.4% → 29.1%). Calculated
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↓
Net result weakened
Net result +148.7k NOK → +114.6k NOK (net margin 22.8% → 22.7%). Calculated
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↓
Equity eroded
Book equity 971.7k NOK → 186.2k NOK (equity ratio 90.1% → 16.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 419.9k NOK → 315.6k NOK (-24.8% YoY). Calculated