A BITE OF NORWAY AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue
registry 2023-04-04; journal 2023 345755
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A BITE OF NORWAY AS. Revenue 111.6k NOK → 403 NOK (-99.6%). Net result -119.3k NOK → -121.1k NOK. Equity -66.8k NOK → -188.0k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BITE OF NORWAY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 111.6k NOK to 403 NOK (-99.6% YoY). Calculated
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↓
Operating result weakened
Operating result -129.1k NOK → -137.7k NOK (op. margin -115.8% → -34174.9%). Calculated
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↓
Equity eroded
Book equity -66.8k NOK → -188.0k NOK (equity ratio -25.1% → -80.9%). Calculated
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↓
Cash fell
Bank deposits 28.5k NOK → 14.4k NOK (-49.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.43× → 0.16× — 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 -80.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 75.0k NOK → -552 NOK (-100.7% YoY). Calculated