A. SÆTHER COMPAGNIET EIENDOM AS: årsregnskap 2021 vs 2020
Shrank 90% on revenue, returned to profit
approved 2022-04-26; registry 2022-06-29; journal 2022 530554
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. SÆTHER COMPAGNIET EIENDOM AS. Revenue 946.2k NOK → 92.4k NOK (-90.2%). Net result -167.7k NOK → +87.0k NOK. Equity 1.97m NOK → 1.89m NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. 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. SÆTHER COMPAGNIET EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +380.1k NOK → +645.5k NOK (op. margin 40.2% → 698.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 167.7k NOK to a profit of 87.0k NOK. Calculated
-
↑
Payroll decreased
Salary cost 29.0k NOK → 9 199 NOK (3% → 10% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 946.2k NOK to 92.4k NOK (-90.2% YoY). Calculated
-
↓
Equity eroded
Book equity 1.97m NOK → 1.89m NOK (equity ratio 7.6% → 7.3%). Calculated
-
↓
Cash fell
Bank deposits 523.8k NOK → 354.4k NOK (-32.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation