FirmaIQ
Org.nr 990 067 686 2020 → 2021 Year-over-year analysis

ACCRETION AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-05-05; registry 2022-05-09; journal 2022 267332

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACCRETION AS. Revenue 1.96m NOK → 1.92m NOK (-2.0%). Net result +3.98m NOK → +2.78m NOK. Equity 20.12m NOK → 19.40m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACCRETION AS.

At a glance

Scorecard

Revenue
1.96m NOK 1.92m NOK
-2.0%
Operating result
+917.7k NOK +905.7k NOK
-1.3%
Net result
+3.98m NOK +2.78m NOK
-30.0%
Equity
20.12m NOK 19.40m NOK
-3.6%
Cash
2.42m NOK 701.7k NOK
-71.0%
Total assets
21.57m NOK 21.86m NOK
+1.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.96m NOK to 1.92m NOK (-2.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +917.7k NOK → +905.7k NOK (op. margin 46.8% → 47.1%). Calculated

  • ↓

    Net result weakened

    Net result +3.98m NOK → +2.78m NOK (net margin 202.6% → 144.6%). Calculated

  • ↓

    Equity eroded

    Book equity 20.12m NOK → 19.40m NOK (equity ratio 93.3% → 88.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.42m NOK → 701.7k NOK (-71.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.42m NOK → 701.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation