A. OLAUSSEN FYSIOTERAPI AS: årsregnskap 2021 vs 2020
Grew 186% on revenue, weaker earnings, cash halved-plus
approved 2022-05-30; registry 2022-07-09; journal 2022 658532
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. OLAUSSEN FYSIOTERAPI AS. Revenue 148.5k NOK → 424.7k NOK (+186.0%). Net result -3 342 NOK → -37.3k NOK. Equity 26.7k NOK → -10.6k 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. All figures are taken from the published annual accounts for A. OLAUSSEN FYSIOTERAPI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 148.5k NOK to 424.7k NOK (+186.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -4 284 NOK → -47.7k NOK (op. margin -2.9% → -11.2%). Calculated
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↓
Net result weakened
Net result -3 342 NOK → -37.3k NOK (net margin -2.3% → -8.8%). Calculated
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↓
Equity eroded
Book equity 26.7k NOK → -10.6k NOK (equity ratio 48.2% → -35.7%). Calculated
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↓
Cash fell
Bank deposits 46.9k NOK → 5 413 NOK (-88.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.90× → 0.45× — 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 -35.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 71.0k NOK → 1.26m NOK (48% → 297% of revenue). Calculated