A/S KATRO: årsregnskap 2021 vs 2020
Shrank 86% on revenue, stronger earnings, cash halved-plus
approved 2022-05-23; registry 2022-06-08; journal 2022 343538
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S KATRO. Revenue 887.5k NOK → 126.0k NOK (-85.8%). Net result +52.8k NOK → +108.4k NOK. Equity 948.5k NOK → 57.0k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S KATRO.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +61.5k NOK → +132.8k NOK (op. margin 6.9% → 105.3%). Calculated
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Net result improved
Net result +52.8k NOK → +108.4k NOK (net margin 6.0% → 86.0%). Calculated
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Current ratio back above 1×
Current ratio 0.63× → 7.23×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 887.5k NOK to 126.0k NOK (-85.8% YoY). Calculated
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Equity eroded
Book equity 948.5k NOK → 57.0k NOK (equity ratio 1008.1% → 4.6%). Calculated
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Cash fell
Bank deposits 887.7k NOK → 183.7k NOK (-79.3% YoY). Calculated
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Payroll up without matching revenue
Salary cost 466.7k NOK → 534.7k NOK (53% → 424% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation