1EARTH HOLDING AS: årsregnskap 2021 vs 2020
Grew 464751% on revenue, weaker earnings
registry 2022-08-02; journal 2022 848962
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1EARTH HOLDING AS. Revenue 41 NOK → 190.6k NOK (+464751.2%). Net result -6 423 NOK → -76.4k NOK. Equity 18.7k NOK → -57.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for 1EARTH HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 41 NOK to 190.6k NOK (+464751.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -6 424 NOK → -76.4k NOK (op. margin -15668.3% → -40.1%). Calculated
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↓
Net result weakened
Net result -6 423 NOK → -76.4k NOK (net margin -15665.9% → -40.1%). Calculated
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↓
Equity eroded
Book equity 18.7k NOK → -57.7k NOK (equity ratio 63.0% → -247.7%). Calculated
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↓
Cash fell
Bank deposits 19.9k NOK → 13.4k NOK (-32.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.80× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -247.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 45.0k NOK → 5.24m NOK (109854% → 2751% of revenue). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact