1891 HOLDING AS: årsregnskap 2021 vs 2020
Grew 170% on revenue, weaker earnings, cash halved-plus
approved 2021-12-31; registry 2022-06-27; journal 2022 512191
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1891 HOLDING AS. Revenue 265.4k NOK → 716.4k NOK (+169.9%). Net result +5.25m NOK → +3.07m NOK. Equity 64.20m NOK → 62.37m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for 1891 HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 265.4k NOK to 716.4k NOK (+169.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -252.5k NOK → -335.0k NOK (op. margin -95.1% → -46.8%). Calculated
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↓
Net result weakened
Net result +5.25m NOK → +3.07m NOK (net margin 1977.7% → 428.0%). Calculated
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↓
Equity eroded
Book equity 64.20m NOK → 62.37m NOK (equity ratio 96.8% → 86.7%). Calculated
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↓
Cash fell
Bank deposits 29.23m NOK → 9.54m NOK (-67.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (29.23m NOK → 9.54m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 80.99m NOK → 86.60m NOK (+6.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 14.75m NOK → 13.40m NOK. Reported fact