A/S Rep-Rek: årsregnskap 2021 vs 2020
Shrank 92% on revenue
registry 2022-05-21; journal 2022 244365
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S Rep-Rek. Revenue 7.63m NOK → 574.1k NOK (-92.5%). Net result -235.4k NOK → -245.3k NOK. Equity 247.1k NOK → 1 768 NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -254.4k NOK → -152.3k NOK (op. margin -3.3% → -26.5%). Calculated
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↑
Cash rose
Bank deposits 645.8k NOK → 658.3k NOK (+1.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.63m NOK to 574.1k NOK (-92.5% YoY). Calculated
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↓
Equity eroded
Book equity 247.1k NOK → 1 768 NOK (equity ratio 12.2% → 0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2.91m NOK → 2.98m NOK (38% → 520% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation