ACDN WORKS AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-06-03; registry 2022-06-18; journal 2022 449054
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACDN WORKS AS. Net result +37.1k NOK → +10.2k NOK. Equity 4.91m NOK → 4.92m NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACDN WORKS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.91m NOK → 4.92m NOK (equity ratio 99.7% → 95.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -21.9k NOK → -23.1k NOK. Calculated
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↓
Net result weakened
Net result +37.1k NOK → +10.2k NOK. Calculated
-
↓
Cash fell
Bank deposits 1.47m NOK → 128.3k NOK (-91.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 100.14× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.47m NOK → 128.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 886 NOK → 2.43m NOK. Reported fact