100 METER SKOGEN AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2022-06-30; registry 2022-07-25; journal 2022 774350
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 100 METER SKOGEN AS. Revenue 423.0k NOK → 423 NOK (-99.9%). Net result -108.4k NOK → +781.8k NOK. Equity 2.11m NOK → 6.90m NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 100 METER SKOGEN AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 108.4k NOK to a profit of 781.8k NOK. Calculated
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Equity strengthened
Book equity 2.11m NOK → 6.90m NOK (equity ratio 29.0% → 94.7%). Calculated
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Payroll decreased
Salary cost 4.21m NOK → 5 NOK (996% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 423.0k NOK to 423 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +78.7k NOK → -167.2k NOK (op. margin 18.6% → -39516.5%). Calculated
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↓
Cash fell
Bank deposits 540.5k NOK → 101.4k NOK (-81.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.17× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 6.72m NOK → 147.3k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact