AITECH AS: årsregnskap 2021 vs 2020
Shrank 60% on revenue, slipped into loss, cash halved-plus
approved 2022-07-24; registry 2022-07-26; journal 2022 788784
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AITECH AS. Revenue 239.2k NOK → 94.8k NOK (-60.3%). Net result +86.9k NOK → -38.2k NOK. Equity 19.6k NOK → -18.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AITECH AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 239.2k NOK to 94.8k NOK (-60.3% YoY). Calculated
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Operating result weakened
Operating result +94.4k NOK → -54.8k NOK (op. margin 39.5% → -57.8%). Calculated
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Fell into a net loss
Net result flipped from 86.9k NOK profit to a loss of 38.2k NOK. Calculated
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Equity eroded
Book equity 19.6k NOK → -18.6k NOK (equity ratio 15.1% → -53.3%). Calculated
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Cash fell
Bank deposits 82.6k NOK → 35.9k NOK (-56.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 48.1k NOK → 0 NOK. Reported fact