A. G. MJØEN AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-07-28; registry 2022-08-02; journal 2022 855300
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. G. MJØEN AS. Net result +4.39m NOK → +587.8k NOK. Equity 5.90m NOK → 5.09m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A. G. MJØEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -29.5k NOK → -26.5k NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +4.39m NOK → +587.8k NOK. Calculated
-
↓
Equity eroded
Book equity 5.90m NOK → 5.09m NOK (equity ratio 99.4% → 82.7%). Calculated
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↓
Cash fell
Bank deposits 2.90m NOK → 356.9k NOK (-87.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.90m NOK → 356.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation