A.C.E FASHIONSTORE AS: årsregnskap 2021 vs 2020
Grew 24% on revenue, returned to profit
approved 2022-06-21; registry 2022-07-12; journal 2022 692258
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A.C.E FASHIONSTORE AS. Revenue 2.74m NOK → 3.39m NOK (+23.9%). Net result -551.7k NOK → +387.7k NOK. Equity -228.6k NOK → 159.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.74m NOK to 3.39m NOK (+23.9% YoY). Calculated
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Operating result improved
Operating result -501.7k NOK → +432.9k NOK (op. margin -18.3% → 12.8%). Calculated
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Turned profitable
Net result flipped from a loss of 551.7k NOK to a profit of 387.7k NOK. Calculated
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Equity strengthened
Book equity -228.6k NOK → 159.1k NOK (equity ratio -19.1% → 11.0%). Calculated
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Cash rose
Bank deposits 148.7k NOK → 377.5k NOK (+153.8% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 449.0k NOK → 728.2k NOK (16% → 21% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.87m NOK → 1.78m NOK (-4.6% YoY). Calculated