AJOUR MEDIA AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, weaker earnings, cash halved-plus
approved 2021-04-09; registry 2021-06-19; journal 2021 443808
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJOUR MEDIA AS. Revenue 309.0k NOK → 225.4k NOK (-27.1%). Net result -5 285 NOK → -216.9k NOK. Equity 1.43m NOK → 1.21m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AJOUR MEDIA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 309.0k NOK to 225.4k NOK (-27.1% YoY). Calculated
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Operating result weakened
Operating result -11.1k NOK → -218.5k NOK (op. margin -3.6% → -97.0%). Calculated
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Net result weakened
Net result -5 285 NOK → -216.9k NOK (net margin -1.7% → -96.2%). Calculated
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Equity eroded
Book equity 1.43m NOK → 1.21m NOK (equity ratio 99.3% → 99.5%). Calculated
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Cash fell
Bank deposits 1.14m NOK → 147.6k NOK (-87.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.14m NOK → 147.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 205.4k NOK → 160.0k NOK (-22.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 790 NOK → 15.4k NOK. Reported fact