AC-SANDE EIENDOM AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2022-06-01; registry 2022-07-23; journal 2022 696796
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AC-SANDE EIENDOM AS. Revenue 538.8k NOK → 619.2k NOK (+14.9%). Net result +264.8k NOK → +327.2k NOK. Equity 816.2k NOK → 143.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AC-SANDE EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 538.8k NOK to 619.2k NOK (+14.9% YoY). Calculated
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↑
Operating result improved
Operating result +414.8k NOK → +489.0k NOK (op. margin 77.0% → 79.0%). Calculated
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Net result improved
Net result +264.8k NOK → +327.2k NOK (net margin 49.1% → 52.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 816.2k NOK → 143.4k NOK (equity ratio 25.6% → 4.2%). Calculated
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↓
Cash fell
Bank deposits 634.9k NOK → 20.0k NOK (-96.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.11× → 0.54× — 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 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation