1071 CONCERN AS: årsregnskap 2021 vs 2020
Returned to profit
approved 2022-07-31; registry 2022-08-02; journal 2022 868302
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1071 CONCERN AS. Net result -4 168 NOK → +442.2k NOK. Equity 12.28m NOK → 52.8k NOK.
On the constructive side: turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1071 CONCERN AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 4 168 NOK to a profit of 442.2k NOK. Calculated
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↑
Cash rose
Bank deposits 247.2k NOK → 689.5k NOK (+178.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -4 168 NOK → -4 909 NOK. Calculated
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↓
Equity eroded
Book equity 12.28m NOK → 52.8k NOK (equity ratio 4428.7% → 7.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation