A/S Hovinveien 7 og 9: årsregnskap 2021 vs 2020
Grew 5% on revenue, slipped into loss, cash halved-plus
approved 2022-06-01; registry 2022-06-22; journal 2022 495208
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S Hovinveien 7 og 9. Revenue 1.71m NOK → 1.80m NOK (+5.3%). Net result +239.4k NOK → -473.4k NOK. Equity -477.4k NOK → -950.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.71m NOK to 1.80m NOK (+5.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +357.9k NOK → -401.1k NOK (op. margin 20.9% → -22.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 239.4k NOK profit to a loss of 473.4k NOK. Calculated
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↓
Equity eroded
Book equity -477.4k NOK → -950.8k NOK (equity ratio -11.9% → -28.7%). Calculated
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↓
Cash fell
Bank deposits 649.0k NOK → 146.2k NOK (-77.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation