A-TRACT AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, weaker earnings, cash halved-plus
approved 2022-03-17; registry 2022-03-28; journal 2022 169603
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A-TRACT AS. Revenue 2.30m NOK → 2.64m NOK (+15.2%). Net result -41.1k NOK → -347.7k NOK. Equity -58.7k NOK → -406.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-TRACT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.30m NOK to 2.64m NOK (+15.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -42.8k NOK → -351.6k NOK (op. margin -1.9% → -13.3%). Calculated
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↓
Net result weakened
Net result -41.1k NOK → -347.7k NOK (net margin -1.8% → -13.1%). Calculated
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↓
Equity eroded
Book equity -58.7k NOK → -406.4k NOK (equity ratio -7.0% → -81.0%). Calculated
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↓
Cash fell
Bank deposits 543.9k NOK → 182.0k NOK (-66.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -81.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.69m NOK → 2.25m NOK (73% → 85% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 162.2k NOK → 233.8k NOK (+44.2% YoY). Calculated