AJ SERVICE AS: årsregnskap 2020 vs 2019
Grew 761% on revenue, stronger earnings
approved 2021-03-24; registry 2021-06-14; journal 2021 417909
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ SERVICE AS. Revenue 228.6k NOK → 1.97m NOK (+760.6%). Net result +293.6k NOK → +430.0k NOK. Equity 520.0k NOK → 950.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AJ SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 228.6k NOK to 1.97m NOK (+760.6% YoY). Calculated
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Operating result improved
Operating result +294.6k NOK → +497.8k NOK (op. margin 128.9% → 25.3%). Calculated
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Net result improved
Net result +293.6k NOK → +430.0k NOK (net margin 128.4% → 21.9%). Calculated
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Equity strengthened
Book equity 520.0k NOK → 950.0k NOK (equity ratio 62.9% → 138.7%). Calculated
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Cash rose
Bank deposits 412.5k NOK → 484.4k NOK (+17.4% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.84× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 260.4k NOK → 736.9k NOK (114% → 37% of revenue). Calculated
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Book investments changed
Investment / intangible book value 88.6k NOK → 49.2k NOK. Reported fact