A O GREVSTAD EIENDOMSDRIFT AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-13; journal 2022 633547
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A O GREVSTAD EIENDOMSDRIFT AS. Revenue 152.2k NOK → 583 NOK (-99.6%). Net result -79.9k NOK → -63.9k NOK. Equity -123.1k NOK → -186.9k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -112.7k NOK → -63.9k NOK (op. margin -74.1% → -10956.4%). Calculated
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Net result improved
Net result -79.9k NOK → -63.9k NOK (net margin -52.5% → -10956.4%). Calculated
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Payroll decreased
Salary cost 2.27m NOK → 2 266 NOK (1489% → 389% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 152.2k NOK to 583 NOK (-99.6% YoY). Calculated
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↓
Equity eroded
Book equity -123.1k NOK → -186.9k NOK (equity ratio -15.6% → -291.3%). Calculated
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Cash fell
Bank deposits 126.9k NOK → 56.8k NOK (-55.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -291.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 46.9k NOK → 530 NOK (-98.9% YoY). Calculated