A HVIDE HOLDING AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-06-02; registry 2022-06-14; journal 2022 421825
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A HVIDE HOLDING AS. Revenue 465.8k NOK → 446.4k NOK (-4.2%). Net result +12.78m NOK → +19.82m NOK. Equity 4.41bn NOK → 7.21bn NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A HVIDE HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +12.78m NOK → +19.82m NOK (net margin 2743.1% → 4440.6%). Calculated
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Equity strengthened
Book equity 4.41bn NOK → 7.21bn NOK (equity ratio 1044.8% → 3304.3%). Calculated
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Payroll decreased
Salary cost 1.59m NOK → 14.7k NOK (342% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 465.8k NOK to 446.4k NOK (-4.2% YoY). Calculated
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↓
Operating result weakened
Operating result +536.4k NOK → -212.7k NOK (op. margin 115.1% → -47.6%). Calculated
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Cash fell
Bank deposits 3.92m NOK → 1.75m NOK (-55.3% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 4.82m NOK → 2.41m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 31.2k NOK → 31 NOK. Reported fact