A. KOLSTAD HOLDING AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, slipped into loss
approved 2022-06-21; registry 2022-06-29; journal 2022 554969
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. KOLSTAD HOLDING AS. Revenue 532.0k NOK → 729 NOK (-99.9%). Net result +37.8k NOK → -30.8k NOK. Equity 92.8k NOK → 30.0k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for A. KOLSTAD HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +47.5k NOK → +61.6k NOK (op. margin 8.9% → 8455.4%). Calculated
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Cash rose
Bank deposits 121.7k NOK → 137.7k NOK (+13.1% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 532.0k NOK to 729 NOK (-99.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 37.8k NOK profit to a loss of 30.8k NOK. Calculated
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Equity eroded
Book equity 92.8k NOK → 30.0k NOK (equity ratio 43.2% → 5.7%). Calculated
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Payroll up without matching revenue
Salary cost 436.8k NOK → 633.7k NOK (82% → 86923% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 36.4k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation