FirmaIQ
Org.nr 912 378 977 2020 → 2021 Year-over-year analysis

ACE FUNDS AS: årsregnskap 2021 vs 2020

Grew 94% on revenue, stronger earnings, cash halved-plus

approved 2022-09-05; registry 2022-09-10; journal 2022 921671

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACE FUNDS AS. Revenue -1.36m NOK → -74.9k NOK (+94.5%). Net result -1.62m NOK → -199.2k NOK. Equity 1.21m NOK → 10.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
-1.36m NOK -74.9k NOK
+94.5%
Operating result
-1.45m NOK -197.7k NOK
+86.4%
Net result
-1.62m NOK -199.2k NOK
+87.7%
Equity
1.21m NOK 10.8k NOK
-99.1%
Cash
210.8k NOK 23.3k NOK
-88.9%
Total assets
216.3k NOK 23.3k NOK
-89.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from -1.36m NOK to -74.9k NOK (+94.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.45m NOK → -197.7k NOK (op. margin 106.9% → 264.0%). Calculated

  • ↑

    Net result improved

    Net result -1.62m NOK → -199.2k NOK (net margin 119.6% → 266.0%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.21m NOK → 10.8k NOK (equity ratio 559.5% → 46.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 210.8k NOK → 23.3k NOK (-88.9% YoY). Calculated