1350 HOLDING AS: årsregnskap 2021 vs 2020
Grew 832% on revenue, returned to profit, cash halved-plus
approved 2022-06-28; registry 2022-07-11; journal 2022 674669
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1350 HOLDING AS. Revenue 105.3k NOK → 981.6k NOK (+832.0%). Net result -42.7k NOK → +101.8k NOK. Equity -28.6k NOK → -63.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 1350 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 105.3k NOK to 981.6k NOK (+832.0% YoY). Calculated
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↑
Operating result improved
Operating result -42.7k NOK → +114.0k NOK (op. margin -40.6% → 11.6%). Calculated
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Turned profitable
Net result flipped from a loss of 42.7k NOK to a profit of 101.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -28.6k NOK → -63.5k NOK (equity ratio -110.2% → -352938.9%). Calculated
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↓
Cash fell
Bank deposits 10.9k NOK → 18 NOK (-99.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -352938.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 84.9k NOK → 309.9k NOK (+265.1% YoY). Calculated