ABILITY HOLDING AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-07-08; registry 2022-08-17; journal 2022 879825
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABILITY HOLDING AS. Net result -2.38m NOK → -11.26m NOK. Equity 37.96m NOK → 26.70m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABILITY HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -1.71m NOK → -556.6k NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result -2.38m NOK → -11.26m NOK. Calculated
-
↓
Equity eroded
Book equity 37.96m NOK → 26.70m NOK (equity ratio 91.7% → 100.0%). Calculated
-
↓
Cash fell
Bank deposits 16.64m NOK → 4.61m NOK (-72.3% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (16.64m NOK → 4.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation