21ST COMPANY AS: årsregnskap 2021 vs 2020
Grew 147% on revenue, slipped into loss, cash halved-plus
registry 2022-07-09; journal 2022 663660
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 21ST COMPANY AS. Revenue 300.0k NOK → 741.7k NOK (+147.2%). Net result +175.7k NOK → -476.5k NOK. Equity 10.42m NOK → -61.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 21ST COMPANY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 300.0k NOK to 741.7k NOK (+147.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +203.5k NOK → -475.8k NOK (op. margin 67.8% → -64.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 175.7k NOK profit to a loss of 476.5k NOK. Calculated
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↓
Equity eroded
Book equity 10.42m NOK → -61.3k NOK (equity ratio 1613.9% → -18.1%). Calculated
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↓
Cash fell
Bank deposits 407.8k NOK → 19.4k NOK (-95.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.80× → 0.85× — 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 -18.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation