123 FLYTTING & TRANSPORT AS: årsregnskap 2021 vs 2020
Grew 57% on revenue, slipped into loss
approved 2022-06-30; registry 2022-10-11; journal 2022 936310
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 123 FLYTTING & TRANSPORT AS. Revenue 6.53m NOK → 10.28m NOK (+57.5%). Net result +173.4k NOK → -308.7k NOK. Equity 458.0k NOK → 149.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 123 FLYTTING & TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.53m NOK to 10.28m NOK (+57.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +306.4k NOK → -308.4k NOK (op. margin 4.7% → -3.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 173.4k NOK profit to a loss of 308.7k NOK. Calculated
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↓
Equity eroded
Book equity 458.0k NOK → 149.3k NOK (equity ratio 12.0% → 3.8%). Calculated
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↓
Cash fell
Bank deposits 771.3k NOK → 500.2k NOK (-35.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 270.0k NOK → 956.1k NOK (+254.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 42.0k NOK → 178.1k NOK. Reported fact