FirmaIQ
Org.nr 833 208 632 2019 → 2020 Year-over-year analysis

AIT WORLDWIDE LOGISTICS NORWAY AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-03-31; registry 2021-06-12; journal 2021 285463

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIT WORLDWIDE LOGISTICS NORWAY AS. Revenue 114.83m NOK → 115.05m NOK (+0.2%). Net result +3.20m NOK → +221.6k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIT WORLDWIDE LOGISTICS NORWAY AS.

At a glance

Scorecard

Revenue
114.83m NOK 115.05m NOK
+0.2%
Operating result
+4.37m NOK +261.2k NOK
-94.0%
Net result
+3.20m NOK +221.6k NOK
-93.1%
Equity
n/m 1.15m NOK
—
Cash
8.27m NOK 6.26m NOK
-24.3%
Total assets
25.46m NOK 20.81m NOK
-18.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 114.83m NOK to 115.05m NOK (+0.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 27.29m NOK → 24.92m NOK (24% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +4.37m NOK → +261.2k NOK (op. margin 3.8% → 0.2%). Calculated

  • ↓

    Net result weakened

    Net result +3.20m NOK → +221.6k NOK (net margin 2.8% → 0.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.27m NOK → 6.26m NOK (-24.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.27× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 76.44m NOK → 79.74m NOK (+4.3% YoY). Calculated