ACE ELEKTRO AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, weaker earnings
approved 2022-07-06; registry 2022-07-11; journal 2022 669093
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACE ELEKTRO AS. Revenue 412.3k NOK → 378.9k NOK (-8.1%). Net result -5 744 NOK → -89.5k NOK. Equity 44.1k NOK → -45.4k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACE ELEKTRO AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 412.3k NOK to 378.9k NOK (-8.1% YoY). Calculated
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↓
Operating result weakened
Operating result +138 NOK → -84.6k NOK (op. margin 0.0% → -22.3%). Calculated
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↓
Net result weakened
Net result -5 744 NOK → -89.5k NOK (net margin -1.4% → -23.6%). Calculated
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↓
Equity eroded
Book equity 44.1k NOK → -45.4k NOK (equity ratio 23.9% → -79.6%). Calculated
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↓
Cash fell
Bank deposits 63.3k NOK → 56.0k NOK (-11.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -79.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 161.0k NOK → 29.6k NOK (-81.6% YoY). Calculated