ACC AS: årsregnskap 2021 vs 2020
Shrank 55% on revenue, stronger earnings, cash halved-plus
approved 2022-05-22; registry 2022-05-24; journal 2022 335636
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACC AS. Revenue 15.4k NOK → 6 986 NOK (-54.5%). Net result -35.9k NOK → -16.7k NOK. Equity -4 716 NOK → -21.4k 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 ACC AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -40.3k NOK → -17.2k NOK (op. margin -262.4% → -246.4%). Calculated
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Net result improved
Net result -35.9k NOK → -16.7k NOK (net margin -233.6% → -239.0%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.4k NOK to 6 986 NOK (-54.5% YoY). Calculated
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↓
Equity eroded
Book equity -4 716 NOK → -21.4k NOK (equity ratio -3.8% → -21.3%). Calculated
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Cash fell
Bank deposits 15.3k NOK → 707 NOK (-95.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -21.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation