A OG J HOLDING AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
registry 2023-04-17; journal 2023 356357
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A OG J HOLDING AS. Revenue 0 NOK → 50.0k NOK. Net result -10.4k NOK → -2.89m NOK. Equity 846.2k NOK → -2.04m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A OG J HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 50.0k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -10.4k NOK → -2.89m NOK. Calculated
-
↓
Net result weakened
Net result -10.4k NOK → -2.89m NOK. Calculated
-
↓
Equity eroded
Book equity 846.2k NOK → -2.04m NOK (equity ratio 25.3% → -452.2%). Calculated
-
↓
Cash fell
Bank deposits 706.7k NOK → 298.9k NOK (-57.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.90× → 0.64× — 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 -452.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3 NOK → 30.0k NOK. Reported fact