AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2020 vs 2019
Grew 282% on revenue, slipped into loss, cash halved-plus
approved 2021-06-14; registry 2021-06-19; journal 2021 441678
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 57.5k NOK → 219.7k NOK (+282.1%). Net result +4 262 NOK → -109.0k NOK. Equity -229.6k NOK → 11.4k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AITOS GASIFICATION TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 57.5k NOK to 219.7k NOK (+282.1% YoY). Calculated
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↑
Equity strengthened
Book equity -229.6k NOK → 11.4k NOK (equity ratio -100.1% → 5.5%). Calculated
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↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 2.38m NOK (+2.35m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +5 464 NOK → -139.5k NOK (op. margin 9.5% → -63.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 4 262 NOK profit to a loss of 109.0k NOK. Calculated
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↓
Cash fell
Bank deposits 156.1k NOK → 52.9k NOK (-66.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 26.5k NOK → 3.14m NOK (46% → 1428% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 11.8k NOK → 60.3k NOK (+412.9% YoY). Calculated