AITEQ AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-09-16; registry 2021-10-20; journal 2021 843412
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AITEQ AS. Revenue 300.0k NOK → 300.0k NOK (0.0%). Net result +200.3k NOK → -21.0k NOK. Equity 20.7k NOK → -332 NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AITEQ AS.
At a glance
Scorecard
What deteriorated
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Operating result weakened
Operating result +256.7k NOK → -20.6k NOK (op. margin 85.6% → -6.9%). Calculated
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Fell into a net loss
Net result flipped from 200.3k NOK profit to a loss of 21.0k NOK. Calculated
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Equity eroded
Book equity 20.7k NOK → -332 NOK (equity ratio 26.8% → -17.2%). Calculated
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Cash fell
Bank deposits 76.6k NOK → 1 933 NOK (-97.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.37× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation