150 YARDS AHEAD AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, slipped into loss, cash halved-plus
approved 2022-08-01; registry 2022-08-03; journal 2022 878487
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 150 YARDS AHEAD AS. Revenue 529.4k NOK → 383.4k NOK (-27.6%). Net result +633.3k NOK → -129.0k NOK. Equity 67.0k NOK → -62.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for 150 YARDS AHEAD AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.26m NOK → 5 321 NOK (616% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 529.4k NOK to 383.4k NOK (-27.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +669.5k NOK → -123.8k NOK (op. margin 126.4% → -32.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 633.3k NOK profit to a loss of 129.0k NOK. Calculated
-
↓
Equity eroded
Book equity 67.0k NOK → -62.0k NOK (equity ratio 9.1% → -9.9%). Calculated
-
↓
Cash fell
Bank deposits 12.3k NOK → 4 044 NOK (-67.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact