ABSURD FILM AS: årsregnskap 2021 vs 2020
Grew 42% on revenue, cash halved-plus
approved 2022-05-20; registry 2022-05-30; journal 2022 359172
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABSURD FILM AS. Revenue 505.6k NOK → 720.4k NOK (+42.5%). Net result -59.8k NOK → -71.6k NOK. Equity 13.4k NOK → -58.2k 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 ABSURD FILM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 505.6k NOK to 720.4k NOK (+42.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -41.8k NOK → -86.7k NOK (op. margin -8.3% → -12.0%). Calculated
-
↓
Net result weakened
Net result -59.8k NOK → -71.6k NOK (net margin -11.8% → -9.9%). Calculated
-
↓
Equity eroded
Book equity 13.4k NOK → -58.2k NOK (equity ratio 4.7% → -27.0%). Calculated
-
↓
Cash fell
Bank deposits 2 135 NOK → 10 NOK (-99.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -27.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 326.2k NOK → 462.9k NOK (65% → 64% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 25.7k NOK → 93.5k NOK (+263.8% YoY). Calculated