ACCOUNT-IT AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2022-08-31; registry 2022-09-12; journal 2022 922355
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACCOUNT-IT AS. Revenue 15.04m NOK → 15.0k NOK (-99.9%). Net result +945.0k NOK → +9 945 NOK. Equity 4.00m NOK → 0 NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: operating result unchanged; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACCOUNT-IT AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 15.04m NOK to 15.0k NOK (-99.9% YoY). Calculated
-
↓
Net result weakened
Net result +945.0k NOK → +9 945 NOK (net margin 6.3% → 66.1%). Calculated
-
↓
Equity eroded
Book equity 4.00m NOK → 0 NOK. Calculated
-
↓
Cash fell
Bank deposits 5.57m NOK → 5 568 NOK (-99.9% YoY). Calculated
Things to notice
-
·
Operating result unchanged
Operating result +1 183 NOK → +1 183 NOK (op. margin 0.0% → 7.9%). Calculated
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.57m NOK → 5 568 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 106.3k NOK → 3 106 NOK. Reported fact