A&J HOLDING AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-06-14; registry 2022-06-18; journal 2022 466490
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A&J HOLDING AS. Net result -29 NOK → -11.1k NOK. Equity 24.4k NOK → 13.3k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A&J HOLDING AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -30 NOK → -11.1k NOK. Calculated
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↓
Net result weakened
Net result -29 NOK → -11.1k NOK. Calculated
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↓
Equity eroded
Book equity 24.4k NOK → 13.3k NOK (equity ratio 6.0% → 3.4%). Calculated
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↓
Cash fell
Bank deposits 16.4k NOK → 5 329 NOK (-67.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation