ABLE PRODUCTS AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-04-02; registry 2022-05-03; journal 2022 199515
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABLE PRODUCTS AS. Net result +134.3k NOK → +4.32m NOK. Equity 13.69m NOK → 10.01m NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABLE PRODUCTS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +134.3k NOK → +4.32m NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -29.4k NOK → -30.4k NOK. Calculated
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↓
Equity eroded
Book equity 13.69m NOK → 10.01m NOK (equity ratio 99.6% → 97.1%). Calculated
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↓
Cash fell
Bank deposits 2.71m NOK → 273.9k NOK (-89.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 51.78× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.71m NOK → 273.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation