A-FORM AS: årsregnskap 2021 vs 2020
Grew 63% on revenue, stronger earnings
approved 2022-03-29; registry 2022-05-30; journal 2022 372216
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A-FORM AS. Revenue 4.21m NOK → 6.88m NOK (+63.4%). Net result +21.9k NOK → +159.3k NOK. Equity 12.14m NOK → 300.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-FORM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.21m NOK to 6.88m NOK (+63.4% YoY). Calculated
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Operating result improved
Operating result +98.4k NOK → +265.3k NOK (op. margin 2.3% → 3.9%). Calculated
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Net result improved
Net result +21.9k NOK → +159.3k NOK (net margin 0.5% → 2.3%). Calculated
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Cash rose
Bank deposits 56.4k NOK → 1.23m NOK (+2085.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.14m NOK → 300.7k NOK (equity ratio 764.7% → 9.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.33× → 0.32× — 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 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.71m NOK → 2.63m NOK (41% → 38% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.52m NOK → 2.64m NOK (+73.9% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 5. Reported fact