AIWELL WATER AS: årsregnskap 2020 vs 2019
Shrank 38% on revenue, weaker earnings, cash halved-plus
approved 2021-04-12; registry 2021-04-24; journal 2021 204061
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIWELL WATER AS. Revenue 254.3k NOK → 158.4k NOK (-37.7%). Net result -164.9k NOK → -624.0k NOK. Equity 6.21m NOK → 31.4k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIWELL WATER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.12m NOK → -625.6k NOK (op. margin -439.8% → -395.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 254.3k NOK to 158.4k NOK (-37.7% YoY). Calculated
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↓
Net result weakened
Net result -164.9k NOK → -624.0k NOK (net margin -64.8% → -393.9%). Calculated
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↓
Equity eroded
Book equity 6.21m NOK → 31.4k NOK (equity ratio 668.9% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 357.3k NOK → 87.5k NOK (-75.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation