ACCENDO INVESTMENT MANAGEMENT AS: årsregnskap 2021 vs 2020
Shrank 50% on revenue
approved 2022-01-31; registry 2022-05-12; journal 2022 285897
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACCENDO INVESTMENT MANAGEMENT AS. Revenue 549.8k NOK → 272.4k NOK (-50.5%). Net result -6 584 NOK → -1 646 NOK. Equity 23.4k NOK → 21.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCENDO INVESTMENT MANAGEMENT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -6 313 NOK → -1 676 NOK (op. margin -1.1% → -0.6%). Calculated
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Net result improved
Net result -6 584 NOK → -1 646 NOK (net margin -1.2% → -0.6%). Calculated
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Cash rose
Bank deposits 54.7k NOK → 5.23m NOK (+9453.9% YoY). Calculated
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Payroll decreased
Salary cost 417.46m NOK → 1 198 NOK (75933% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 549.8k NOK to 272.4k NOK (-50.5% YoY). Calculated
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↓
Equity eroded
Book equity 23.4k NOK → 21.8k NOK (equity ratio 37.7% → 9.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation