AJ MOTOR AS: årsregnskap 2020 vs 2019
Grew 724% on revenue, weaker earnings, cash halved-plus
approved 2021-05-28; registry 2021-06-03; journal 2021 381172
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ MOTOR AS. Revenue 87.0k NOK → 716.6k NOK (+723.7%). Net result -8 598 NOK → -64.2k NOK. Equity 15.1k NOK → -49.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AJ MOTOR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 87.0k NOK to 716.6k NOK (+723.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.74× → 1.02×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -8 865 NOK → -50.6k NOK (op. margin -10.2% → -7.1%). Calculated
-
↓
Net result weakened
Net result -8 598 NOK → -64.2k NOK (net margin -9.9% → -9.0%). Calculated
-
↓
Equity eroded
Book equity 15.1k NOK → -49.1k NOK (equity ratio 27.9% → -10.6%). Calculated
-
↓
Cash fell
Bank deposits 25.1k NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -10.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 44.9k NOK → 423.2k NOK (+841.7% YoY). Calculated