FirmaIQ
Org.nr 992 633 956 2020 → 2021 Year-over-year analysis

A. ØSTVAAG AS: årsregnskap 2021 vs 2020

Returned to profit

approved 2022-06-28; registry 2022-06-30; journal 2022 562910

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A. ØSTVAAG AS. Net result -40.4k NOK → +2.32m NOK. Equity 13.86m NOK → 16.19m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: operating result weakened; current ratio dropped below 1×.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Operating result
-44.1k NOK -89.3k NOK
-102.7%
Net result
-40.4k NOK +2.32m NOK
+5848.9%
Equity
13.86m NOK 16.19m NOK
+16.8%
Cash
4.74m NOK 6.50m NOK
+37.3%
Total assets
14.16m NOK 14.39m NOK
+1.6%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 40.4k NOK to a profit of 2.32m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 13.86m NOK → 16.19m NOK (equity ratio 97.9% → 112.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.74m NOK → 6.50m NOK (+37.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -44.1k NOK → -89.3k NOK. Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 26.64× → -4.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated