A FINSTAD CAD AS: årsregnskap 2021 vs 2020
Shrank 83% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-16; journal 2022 716348
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A FINSTAD CAD AS. Revenue 754.7k NOK → 127.1k NOK (-83.2%). Net result -44.2k NOK → -80.0k NOK. Equity 61.5k NOK → -18.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A FINSTAD CAD AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 90.3k NOK → 106.3k NOK (+17.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 754.7k NOK to 127.1k NOK (-83.2% YoY). Calculated
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↓
Operating result weakened
Operating result -56.8k NOK → -102.6k NOK (op. margin -7.5% → -80.7%). Calculated
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↓
Net result weakened
Net result -44.2k NOK → -80.0k NOK (net margin -5.9% → -63.0%). Calculated
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↓
Equity eroded
Book equity 61.5k NOK → -18.5k NOK (equity ratio 29.7% → -10.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.80× — 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 -10.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation