AJE INVEST AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-08-17; registry 2021-09-02; journal 2021 662592
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJE INVEST AS. Revenue 400.0k NOK → 400.0k NOK (0.0%). Net result +11.35m NOK → +169.5k NOK. Equity 15.51m NOK → 9.31m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AJE INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +332.1k NOK → +209.5k NOK (op. margin 83.0% → 52.4%). Calculated
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↓
Net result weakened
Net result +11.35m NOK → +169.5k NOK (net margin 2836.9% → 42.4%). Calculated
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↓
Equity eroded
Book equity 15.51m NOK → 9.31m NOK (equity ratio 100.0% → 99.9%). Calculated
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↓
Cash fell
Bank deposits 516.6k NOK → 22.9k NOK (-95.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 15 NOK → 34.81m NOK (0% → 8703% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 43.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 14.03m NOK → 6.17m NOK. Reported fact