A FRANTZEN INVEST AS: årsregnskap 2021 vs 2020
Shrank 92% on revenue, weaker earnings
registry 2022-07-19; journal 2022 668492
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A FRANTZEN INVEST AS. Revenue 376.4k NOK → 28.7k NOK (-92.4%). Net result +812.2k NOK → +614.3k NOK. Equity 5.64m NOK → 1.25m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for A FRANTZEN INVEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +9 666 NOK → +61.6k NOK (op. margin 2.6% → 214.5%). Calculated
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Cash rose
Bank deposits 126.7k NOK → 548.3k NOK (+332.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 376.4k NOK to 28.7k NOK (-92.4% YoY). Calculated
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Net result weakened
Net result +812.2k NOK → +614.3k NOK (net margin 215.8% → 2138.2%). Calculated
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↓
Equity eroded
Book equity 5.64m NOK → 1.25m NOK (equity ratio 408.2% → 72.7%). Calculated
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Current ratio dropped below 1×
Current ratio 1.29× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 4 354 NOK → 934.1k NOK (1% → 3251% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 159.0k NOK → 162 NOK — check capital reduction, conversion, or reclassification. Interpretation