FirmaIQ
Org.nr 991 045 465 2020 → 2021 Year-over-year analysis

ACCESS EVENT AS: årsregnskap 2021 vs 2020

Shrank 97% on revenue, returned to profit

approved 2022-06-23; registry 2022-06-28; journal 2022 542408

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACCESS EVENT AS. Revenue 15.0k NOK → 476 NOK (-96.8%). Net result -107.0k NOK → +295.5k NOK. Equity 625.7k NOK → 921.2k NOK.

On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS EVENT AS.

At a glance

Scorecard

Revenue
15.0k NOK 476 NOK
-96.8%
Operating result
n/m +331.5k NOK
—
Net result
-107.0k NOK +295.5k NOK
+376.2%
Equity
625.7k NOK 921.2k NOK
+47.2%
Cash
352.0k NOK n/m
—
Total assets
15.10m NOK 27.51m NOK
+82.2%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 107.0k NOK to a profit of 295.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 625.7k NOK → 921.2k NOK (equity ratio 4.1% → 3.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.0k NOK to 476 NOK (-96.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation