ACE OPTIONS NORGE AS: årsregnskap 2021 vs 2020
Shrank 24% on revenue, weaker earnings
approved 2021-10-22; registry 2021-11-09; journal 2021 895880
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACE OPTIONS NORGE AS. Revenue 4.45m NOK → 3.37m NOK (-24.1%). Net result +340.8k NOK → +166.2k NOK. Equity -145.7k NOK → 20.5k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE OPTIONS NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -145.7k NOK → 20.5k NOK (equity ratio -21.5% → 2.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.37× → 1.02×. Calculated
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↑
Payroll decreased
Salary cost 1.15m NOK → 1.00m NOK (26% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.45m NOK to 3.37m NOK (-24.1% YoY). Calculated
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↓
Operating result weakened
Operating result +350.1k NOK → +173.5k NOK (op. margin 7.9% → 5.1%). Calculated
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↓
Net result weakened
Net result +340.8k NOK → +166.2k NOK (net margin 7.7% → 4.9%). Calculated
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↓
Cash fell
Bank deposits 546.7k NOK → 495.2k NOK (-9.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.67m NOK → 1.12m NOK (-57.9% YoY). Calculated