Org.nr 918 020 349 2020 → 2021 Year-over-year analysis

AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2021 vs 2020

Shrank 100% on revenue, weaker earnings

approved 2022-03-29; registry 2023-05-08; journal 2023 392893

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 219.7k NOK → 400 NOK (-99.8%). Net result -109.0k NOK → -182.6k NOK. Equity 11.4k NOK → 1.83m NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
219.7k NOK 400 NOK
-99.8%
Operating result
-139.5k NOK -251.4k NOK
-80.3%
Net result
-109.0k NOK -182.6k NOK
-67.5%
Equity
11.4k NOK 1.83m NOK
+15986.6%
Cash
52.9k NOK 1.49m NOK
+2721.1%
Total assets
206.7k NOK 2.73m NOK
+1222.6%

What improved

  • ↑

    Equity strengthened

    Book equity 11.4k NOK → 1.83m NOK (equity ratio 5.5% → 66.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 52.9k NOK → 1.49m NOK (+2721.1% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.53× → 2.33×. Calculated

  • ↑

    Payroll decreased

    Salary cost 3.14m NOK → 16.6k NOK (1428% → 4162% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 219.7k NOK to 400 NOK (-99.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -139.5k NOK → -251.4k NOK (op. margin -63.5% → -62852.2%). Calculated

  • ↓

    Net result weakened

    Net result -109.0k NOK → -182.6k NOK (net margin -49.6% → -45660.5%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 60.3k NOK → 2.27m NOK (+3671.1% YoY). Calculated