AITI AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2020-03-20; registry 2020-06-20; journal 2020 461506
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AITI AS. Revenue 932.7k NOK → 1 023 NOK (-99.9%). Net result +61.9k NOK → +201.8k NOK. Equity 86.3k NOK → -115.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AITI AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +92.9k NOK → +186.8k NOK (op. margin 10.0% → 18259.6%). Calculated
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Net result improved
Net result +61.9k NOK → +201.8k NOK (net margin 6.6% → 19728.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 932.7k NOK to 1 023 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 86.3k NOK → -115.5k NOK (equity ratio 12.6% → -27.3%). Calculated
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↓
Cash fell
Bank deposits 215.0k NOK → 77.6k NOK (-63.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1 662 NOK → 742.8k NOK (0% → 72612% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -27.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 30.1k NOK → 40.3k NOK. Reported fact