A-TECH AS: årsregnskap 2021 vs 2020
Shrank 38% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-16; journal 2022 650644
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A-TECH AS. Revenue 16.47m NOK → 10.24m NOK (-37.8%). Net result +3 764 NOK → +317.7k NOK. Equity 890.4k NOK → 208.1k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for A-TECH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +12.5k NOK → +445.6k NOK (op. margin 0.1% → 4.4%). Calculated
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Net result improved
Net result +3 764 NOK → +317.7k NOK (net margin 0.0% → 3.1%). Calculated
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Payroll decreased
Salary cost 6.63m NOK → 4.93m NOK (40% → 48% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 16.47m NOK to 10.24m NOK (-37.8% YoY). Calculated
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Equity eroded
Book equity 890.4k NOK → 208.1k NOK (equity ratio 19.9% → 4.6%). Calculated
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Cash fell
Bank deposits 3.06m NOK → 1.50m NOK (-50.8% YoY). Calculated
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COGS moved
COGS / varekostnad 664.0k NOK → 2.46m NOK (+271.2% YoY). 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
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Headcount (årsverk) changed
Reported FTEs 14 → 10. Reported fact