1028 HYTTEDRIFT AS: årsregnskap 2021 vs 2020
Shrank 82% on revenue, returned to profit, cash halved-plus
approved 2022-05-03; registry 2022-06-30; journal 2022 544119
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1028 HYTTEDRIFT AS. Revenue 649.5k NOK → 120.0k NOK (-81.5%). Net result -27 NOK → +19.2k NOK. Equity 5 249 NOK → 24.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 1028 HYTTEDRIFT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -343 NOK → +24.4k NOK (op. margin -0.1% → 20.3%). Calculated
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Turned profitable
Net result flipped from a loss of 27 NOK to a profit of 19.2k NOK. Calculated
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Equity strengthened
Book equity 5 249 NOK → 24.4k NOK (equity ratio 0.0% → 0.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 649.5k NOK to 120.0k NOK (-81.5% YoY). Calculated
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↓
Cash fell
Bank deposits 2.52m NOK → 306.0k NOK (-87.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.52m NOK → 306.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation