5IVE AS: årsregnskap 2021 vs 2020
Shrank 89% on revenue, slipped into loss, cash halved-plus
registry 2022-06-28; journal 2022 540610
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 5IVE AS. Revenue 208.0k NOK → 23.9k NOK (-88.5%). Net result +82.2k NOK → -69.6k NOK. Equity 32.6k NOK → -12.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 5IVE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 208.0k NOK to 23.9k NOK (-88.5% YoY). Calculated
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Operating result weakened
Operating result +105.3k NOK → -69.6k NOK (op. margin 50.6% → -291.6%). Calculated
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Fell into a net loss
Net result flipped from 82.2k NOK profit to a loss of 69.6k NOK. Calculated
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Equity eroded
Book equity 32.6k NOK → -12.6k NOK (equity ratio 15.8% → -16.3%). Calculated
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Cash fell
Bank deposits 203.4k NOK → 1 064 NOK (-99.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -16.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation