123 HOUSING AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-08-18; registry 2022-08-22; journal 2022 905192
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 123 HOUSING AS. Net result -36.6k NOK → -14.2k NOK. Equity -32.0k NOK → -46.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 123 HOUSING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -29.5k NOK → -14.2k NOK. Calculated
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↑
Net result improved
Net result -36.6k NOK → -14.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -32.0k NOK → -46.3k NOK (equity ratio -422.7% → -4804.6%). Calculated
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↓
Cash fell
Bank deposits 7 576 NOK → 963 NOK (-87.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4804.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation