AB-MARITIM AS: årsregnskap 2021 vs 2020
Grew 123% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-09; journal 2022 666578
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AB-MARITIM AS. Revenue 358.2k NOK → 798.3k NOK (+122.8%). Net result +310.0k NOK → +122.0k NOK. Equity 5.27m NOK → 394.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AB-MARITIM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 358.2k NOK to 798.3k NOK (+122.8% YoY). Calculated
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Operating result improved
Operating result +11.7k NOK → +209.1k NOK (op. margin 3.3% → 26.2%). Calculated
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Cash rose
Bank deposits 62.3k NOK → 122.1k NOK (+95.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +310.0k NOK → +122.0k NOK (net margin 86.5% → 15.3%). Calculated
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↓
Equity eroded
Book equity 5.27m NOK → 394.1k NOK (equity ratio 142.0% → 9.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.31× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 296.0k NOK → 508.9k NOK (+71.9% YoY). Calculated