AJA FORVALTNING AS: årsregnskap 2020 vs 2019
Grew 15% on revenue, returned to profit, cash halved-plus
approved 2021-02-22; registry 2021-03-01; journal 2021 130784
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJA FORVALTNING AS. Revenue 1.92m NOK → 2.22m NOK (+15.1%). Net result -71.4k NOK → +5.18m NOK. Equity 1.00m NOK → 1.18m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.22m NOK (+15.1% YoY). Calculated
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Operating result improved
Operating result -37.2k NOK → +272.9k NOK (op. margin -1.9% → 12.3%). Calculated
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Turned profitable
Net result flipped from a loss of 71.4k NOK to a profit of 5.18m NOK. Calculated
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Equity strengthened
Book equity 1.00m NOK → 1.18m NOK (equity ratio 37.6% → 46.5%). Calculated
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Current ratio back above 1×
Current ratio 0.71× → 4.97×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 220.7k NOK → 66.3k NOK (-69.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.37m NOK → 4.41m NOK (71% → 199% of revenue). Calculated