A-CON AS: årsregnskap 2021 vs 2020
Shrank 80% on revenue, slipped into loss, cash halved-plus
approved 2022-03-27; registry 2022-05-24; journal 2022 334654
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A-CON AS. Revenue 1.93m NOK → 393.2k NOK (-79.6%). Net result +551.4k NOK → -574.5k NOK. Equity 539.4k NOK → 257.6k NOK.
On the constructive side: payroll decreased. 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 A-CON AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.71m NOK → 169.6k NOK (89% → 43% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.93m NOK to 393.2k NOK (-79.6% YoY). Calculated
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↓
Operating result weakened
Operating result +854.6k NOK → -389.2k NOK (op. margin 44.4% → -99.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 551.4k NOK profit to a loss of 574.5k NOK. Calculated
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↓
Equity eroded
Book equity 539.4k NOK → 257.6k NOK (equity ratio 11.9% → 7.4%). Calculated
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↓
Cash fell
Bank deposits 464.7k NOK → 152.2k NOK (-67.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation