A.G TAVLESERVICE AS: årsregnskap 2021 vs 2020
Grew 40% on revenue, weaker earnings
registry 2022-08-10; journal 2022 834747
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A.G TAVLESERVICE AS. Revenue 7.18m NOK → 10.07m NOK (+40.3%). Net result -102.8k NOK → -852.1k NOK. Equity 1.14m NOK → 284.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A.G TAVLESERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.18m NOK to 10.07m NOK (+40.3% YoY). Calculated
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↑
Cash rose
Bank deposits 84.4k NOK → 625.2k NOK (+640.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -62.5k NOK → -1.15m NOK (op. margin -0.9% → -11.5%). Calculated
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↓
Net result weakened
Net result -102.8k NOK → -852.1k NOK (net margin -1.4% → -8.5%). Calculated
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↓
Equity eroded
Book equity 1.14m NOK → 284.5k NOK (equity ratio 31.0% → 5.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.48× → 0.97× — 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 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.86m NOK → 7.29m NOK (+88.8% YoY). Calculated