ACA PROPERTY AS: årsregnskap 2021 vs 2020
Shrank 9% on revenue, stronger earnings, cash halved-plus
approved 2022-06-23; registry 2022-06-27; journal 2022 531548
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACA PROPERTY AS. Revenue 657.0k NOK → 600.0k NOK (-8.7%). Net result -288.0k NOK → -25.6k NOK. Equity 298.9k NOK → 273.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACA PROPERTY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -15.8k NOK → +202.3k NOK (op. margin -2.4% → 33.7%). Calculated
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Net result improved
Net result -288.0k NOK → -25.6k NOK (net margin -43.8% → -4.3%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 657.0k NOK to 600.0k NOK (-8.7% YoY). Calculated
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Equity eroded
Book equity 298.9k NOK → 273.3k NOK (equity ratio 4.8% → 4.5%). Calculated
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Cash fell
Bank deposits 915.7k NOK → 54.7k NOK (-94.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation