123 PROSJEKT AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2022-06-17; registry 2022-06-20; journal 2022 481949
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 123 PROSJEKT AS. Revenue 361.6k NOK → 361 NOK (-99.9%). Net result -41.3k NOK → -26.6k NOK. Equity 32.0k NOK → 11.0k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 123 PROSJEKT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -42.1k NOK → -26.6k NOK (op. margin -11.7% → -7380.3%). Calculated
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Net result improved
Net result -41.3k NOK → -26.6k NOK (net margin -11.4% → -7369.3%). Calculated
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Owners injected capital
Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 361.6k NOK to 361 NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 32.0k NOK → 11.0k NOK (equity ratio 73.0% → 22.5%). Calculated
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Cash fell
Bank deposits 38.9k NOK → 15.8k NOK (-59.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.28× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 274.3k NOK → 274 NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 5 000 NOK → 0 NOK. Reported fact