A.K. KVALITET ENTREPRENØR AS: årsregnskap 2021 vs 2020
Grew 29% on revenue, weaker earnings, cash halved-plus
approved 2022-05-31; registry 2022-07-02; journal 2022 572178
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A.K. KVALITET ENTREPRENØR AS. Revenue 611.8k NOK → 787.2k NOK (+28.7%). Net result -4 558 NOK → -32.6k NOK. Equity 19.9k NOK → -12.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A.K. KVALITET ENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 611.8k NOK to 787.2k NOK (+28.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -3 074 NOK → -16.8k NOK (op. margin -0.5% → -2.1%). Calculated
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↓
Net result weakened
Net result -4 558 NOK → -32.6k NOK (net margin -0.7% → -4.1%). Calculated
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↓
Equity eroded
Book equity 19.9k NOK → -12.7k NOK (equity ratio 7.4% → -3.4%). Calculated
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↓
Cash fell
Bank deposits 37.1k NOK → 8 913 NOK (-76.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.38× → 0.90× — 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 -3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 167 NOK → 290.8k NOK (1% → 37% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 279.1k NOK → 102.1k NOK (-63.4% YoY). Calculated