5029INC AS: årsregnskap 2021 vs 2020
Grew 1001% on revenue, weaker earnings
approved 2022-06-15; registry 2022-08-25; journal 2022 910340
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 5029INC AS. Revenue 284.5k NOK → 3.13m NOK (+1000.8%). Net result -74.8k NOK → -300.5k NOK. Equity 49.7k NOK → -253.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 5029INC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 284.5k NOK to 3.13m NOK (+1000.8% YoY). Calculated
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↑
Cash rose
Bank deposits 151.6k NOK → 178.4k NOK (+17.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -74.6k NOK → -302.3k NOK (op. margin -26.2% → -9.7%). Calculated
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↓
Net result weakened
Net result -74.8k NOK → -300.5k NOK (net margin -26.3% → -9.6%). Calculated
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↓
Equity eroded
Book equity 49.7k NOK → -253.6k NOK (equity ratio 16.1% → -96.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.51× — 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 -96.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 751.2k NOK → 196.8k NOK (-73.8% YoY). Calculated