ACE WELL TECHNOLOGY AS: årsregnskap 2021 vs 2020
Shrank 54% on revenue, slipped into loss
approved 2022-06-28; registry 2022-07-05; journal 2022 566468
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACE WELL TECHNOLOGY AS. Revenue 44.04m NOK → 20.42m NOK (-53.6%). Net result +3.00m NOK → -14.77m NOK. Equity 29.01m NOK → 14.24m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 10.88m NOK → 9.93m NOK (25% → 49% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 44.04m NOK to 20.42m NOK (-53.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +3.19m NOK → -14.28m NOK (op. margin 7.3% → -70.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 3.00m NOK profit to a loss of 14.77m NOK. Calculated
-
↓
Equity eroded
Book equity 29.01m NOK → 14.24m NOK (equity ratio 61.1% → 40.9%). Calculated
-
↓
Cash fell
Bank deposits 2.92m NOK → 2.79m NOK (-4.4% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 29.01m NOK → 14.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 16.93m NOK → 9.52m NOK (-43.8% YoY). Calculated