A-CIRCLE AS: årsregnskap 2021 vs 2020
Shrank 26% on revenue, weaker earnings, cash halved-plus
approved 2022-06-28; registry 2022-07-05; journal 2022 572590
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A-CIRCLE AS. Revenue 5.96m NOK → 4.39m NOK (-26.3%). Net result +255.4k NOK → +50.6k NOK. Equity 786.6k NOK → 237.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A-CIRCLE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.96m NOK to 4.39m NOK (-26.3% YoY). Calculated
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Operating result weakened
Operating result +529.5k NOK → +187.5k NOK (op. margin 8.9% → 4.3%). Calculated
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Net result weakened
Net result +255.4k NOK → +50.6k NOK (net margin 4.3% → 1.2%). Calculated
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Equity eroded
Book equity 786.6k NOK → 237.2k NOK. Calculated
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Cash fell
Bank deposits 2.44m NOK → 965.6k NOK (-60.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.44m NOK → 965.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 855.5k NOK → 66.8k NOK (-92.2% YoY). Calculated