FirmaIQ
Org.nr 925 424 226 2020 → 2021 Year-over-year analysis

A. VATNES EFTF. HOLDING AS: årsregnskap 2021 vs 2020

Returned to profit, cash halved-plus

approved 2022-05-25; registry 2022-08-08; journal 2022 807274

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A. VATNES EFTF. HOLDING AS. Net result -18.9k NOK → +1.73m NOK. Equity 11.1k NOK → 1.74m NOK.

On the constructive side: turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. VATNES EFTF. HOLDING AS.

At a glance

Scorecard

Operating result
-558 NOK -20.7k NOK
-3604.3%
Net result
-18.9k NOK +1.73m NOK
+9271.2%
Equity
11.1k NOK 1.74m NOK
+15565.3%
Cash
35.9k NOK 10.5k NOK
-70.9%
Total assets
5.09m NOK 3.51m NOK
-31.1%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 18.9k NOK to a profit of 1.73m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 11.1k NOK → 1.74m NOK (equity ratio 0.2% → 49.7%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -558 NOK → -20.7k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 35.9k NOK → 10.5k NOK (-70.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.45× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5 053 NOK → 3.49m NOK. Reported fact