FirmaIQ
Org.nr 979 558 821 2019 → 2020 Year-over-year analysis

AIRPROSJEKT AS: årsregnskap 2020 vs 2019

Grew 178% on revenue, returned to profit

approved 2021-07-15; registry 2021-08-05; journal 2021 580760

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRPROSJEKT AS. Revenue 2.27m NOK → 6.31m NOK (+177.6%). Net result -6.40m NOK → +4.21m NOK. Equity -3.37m NOK → 8.84m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.

At a glance

Scorecard

Revenue
2.27m NOK 6.31m NOK
+177.6%
Operating result
-2.47m NOK +4.97m NOK
+301.5%
Net result
-6.40m NOK +4.21m NOK
+165.8%
Equity
-3.37m NOK 8.84m NOK
+362.1%
Cash
382.2k NOK 201.6k NOK
-47.3%
Total assets
14.95m NOK 18.88m NOK
+26.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.27m NOK to 6.31m NOK (+177.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.47m NOK → +4.97m NOK (op. margin -108.5% → 78.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 6.40m NOK to a profit of 4.21m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -3.37m NOK → 8.84m NOK (equity ratio -22.6% → 46.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 382.2k NOK → 201.6k NOK (-47.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 101.2k NOK → 73.4k NOK. Reported fact