A H E HANDEL AS: årsregnskap 2021 vs 2020
Grew 39% on revenue, stronger earnings
approved 2022-06-30; registry 2022-08-24; journal 2022 908107
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A H E HANDEL AS. Revenue 482.5k NOK → 670.9k NOK (+39.0%). Net result -724.7k NOK → -29.8k NOK. Equity 12 NOK → -653.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A H E HANDEL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 482.5k NOK to 670.9k NOK (+39.0% YoY). Calculated
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Operating result improved
Operating result -1.08m NOK → -267.9k NOK (op. margin -223.1% → -39.9%). Calculated
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Net result improved
Net result -724.7k NOK → -29.8k NOK (net margin -150.2% → -4.4%). Calculated
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Cash rose
Bank deposits 7 918 NOK → 15.6k NOK (+97.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12 NOK → -653.3k NOK (equity ratio 0.0% → -53.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 NOK → 51.9k NOK (0% → 8% of revenue). Calculated
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COGS fell
COGS / varekostnad 420.0k NOK → 193.4k NOK (-53.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 43.0k NOK → 3 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact