AITA AS: årsregnskap 2020 vs 2019
Grew 13% on revenue
approved 2021-05-26; registry 2021-06-28; journal 2021 404117
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AITA AS. Revenue 5.78m NOK → 6.53m NOK (+13.0%). Net result +647.5k NOK → +641.5k NOK. Equity 729.5k NOK → 1 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AITA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.78m NOK to 6.53m NOK (+13.0% YoY). Calculated
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↑
Cash rose
Bank deposits 107.7k NOK → 1.28m NOK (+1086.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +839.3k NOK → +805.7k NOK (op. margin 14.5% → 12.3%). Calculated
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↓
Equity eroded
Book equity 729.5k NOK → 1 NOK (equity ratio 31.6% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 40.2k NOK → 42.7k NOK. Reported fact