FirmaIQ
Org.nr 997 505 646 2019 → 2020 Year-over-year analysis

AJ OFFSHORE AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue

approved 2021-05-21; registry 2021-06-02; journal 2021 375242

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AJ OFFSHORE AS. Revenue 2.62m NOK → 2.31m NOK (-11.9%). Net result +944.8k NOK → +758.2k NOK. Equity 3.17m NOK → 3.52m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
2.62m NOK 2.31m NOK
-11.9%
Operating result
+104.6k NOK +771.6k NOK
+637.5%
Net result
+944.8k NOK +758.2k NOK
-19.7%
Equity
3.17m NOK 3.52m NOK
+11.3%
Cash
2.20m NOK 2.39m NOK
+8.4%
Total assets
3.75m NOK 4.01m NOK
+6.8%

What improved

  • ↑

    Operating result improved

    Operating result +104.6k NOK → +771.6k NOK (op. margin 4.0% → 33.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.17m NOK → 3.52m NOK (equity ratio 84.3% → 87.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.20m NOK → 2.39m NOK (+8.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.98m NOK → 1 076 NOK (152% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.62m NOK to 2.31m NOK (-11.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +944.8k NOK → +758.2k NOK (net margin 36.1% → 32.9%). Calculated