A. HESSELBERG AS: årsregnskap 2021 vs 2020
Shrank 63% on revenue, weaker earnings, cash halved-plus
approved 2022-03-11; registry 2022-05-02; journal 2022 247409
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. HESSELBERG AS. Revenue 2.80m NOK → 1.03m NOK (-63.2%). Net result -580.5k NOK → -1.06m NOK. Equity -944.4k NOK → -2.01m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for A. HESSELBERG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.81m NOK → 1.03m NOK (65% → 100% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.80m NOK to 1.03m NOK (-63.2% YoY). Calculated
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↓
Operating result weakened
Operating result -577.1k NOK → -1.07m NOK (op. margin -20.6% → -103.6%). Calculated
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↓
Net result weakened
Net result -580.5k NOK → -1.06m NOK (net margin -20.8% → -103.6%). Calculated
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↓
Equity eroded
Book equity -944.4k NOK → -2.01m NOK (equity ratio -61.0% → -2912.8%). Calculated
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↓
Cash fell
Bank deposits 93.4k NOK → 6 924 NOK (-92.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2912.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 206.7k NOK → 96.8k NOK (-53.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 4 → 2. Reported fact