FirmaIQ
Org.nr 920 616 534 2019 → 2020 Year-over-year analysis

AIRPRODUKTER AS: årsregnskap 2020 vs 2019

Grew 125058% on revenue, returned to profit, cash halved-plus

approved 2020-12-31; registry 2021-06-22; journal 2021 377262

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRPRODUKTER AS. Revenue 4 557 NOK → 5.70m NOK (+125058.0%). Net result -1.48m NOK → +370.7k NOK. Equity -1.28m NOK → -911.8k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

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

At a glance

Scorecard

Revenue
4 557 NOK 5.70m NOK
+125058.0%
Operating result
-1.35m NOK +89.7k NOK
+106.7%
Net result
-1.48m NOK +370.7k NOK
+125.0%
Equity
-1.28m NOK -911.8k NOK
+28.9%
Cash
310.9k NOK 129.5k NOK
-58.4%
Total assets
2.73m NOK 4.00m NOK
+46.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4 557 NOK to 5.70m NOK (+125058.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.35m NOK → +89.7k NOK (op. margin -29533.0% → 1.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.48m NOK to a profit of 370.7k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -1.28m NOK → -911.8k NOK (equity ratio -46.9% → -22.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 10.9k NOK → 3 NOK (238% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 310.9k NOK → 129.5k NOK (-58.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 104.0k NOK → 2.95m NOK (+2731.5% YoY). Calculated