AIVOG AS: årsregnskap 2020 vs 2019
Shrank 53% on revenue, weaker earnings
approved 2021-07-30; registry 2021-09-28; journal 2021 820890
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIVOG AS. Revenue 412.4k NOK → 194.0k NOK (-52.9%). Net result +434.4k NOK → +122.6k NOK. Equity 10.66m NOK → 10.86m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIVOG AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10.66m NOK → 10.86m NOK (equity ratio 83.2% → 84.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 412.4k NOK to 194.0k NOK (-52.9% YoY). Calculated
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↓
Operating result weakened
Operating result +235.2k NOK → +13.0k NOK (op. margin 57.0% → 6.7%). Calculated
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↓
Net result weakened
Net result +434.4k NOK → +122.6k NOK (net margin 105.4% → 63.2%). Calculated
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↓
Cash fell
Bank deposits 617.2k NOK → 582.9k NOK (-5.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.47m NOK → 2.54m NOK. Reported fact