ACCESSIT AS: årsregnskap 2021 vs 2020
Stronger earnings
approved 2022-06-30; registry 2022-08-06; journal 2022 807010
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACCESSIT AS. Revenue 560.7k NOK → 569.4k NOK (+1.6%). Net result -356.4k NOK → -190.9k NOK. Equity -3.04m NOK → -3.23m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESSIT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 560.7k NOK to 569.4k NOK (+1.6% YoY). Calculated
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Operating result improved
Operating result -201.5k NOK → -48.4k NOK (op. margin -35.9% → -8.5%). Calculated
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Net result improved
Net result -356.4k NOK → -190.9k NOK (net margin -63.6% → -33.5%). Calculated
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Cash rose
Bank deposits 38.8k NOK → 175.8k NOK (+353.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -3.04m NOK → -3.23m NOK (equity ratio -379.0% → -411.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -411.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation