ACEA DEVELOPMENT AS: årsregnskap 2021 vs 2020
Grew 111011% on revenue, weaker earnings
approved 2022-06-29; registry 2022-07-20; journal 2022 675945
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACEA DEVELOPMENT AS. Revenue 225 NOK → 250.0k NOK (+111011.1%). Net result -6.18m NOK → -28.81m NOK. Equity -12.09m NOK → -38.15m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACEA DEVELOPMENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 225 NOK to 250.0k NOK (+111011.1% YoY). Calculated
-
↑
Cash rose
Bank deposits 65.0k NOK → 192.7k NOK (+196.3% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.18× → 7.60×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -5.12m NOK → -27.73m NOK (op. margin -2276673.8% → -11091.3%). Calculated
-
↓
Net result weakened
Net result -6.18m NOK → -28.81m NOK (net margin -2745952.4% → -11522.9%). Calculated
-
↓
Equity eroded
Book equity -12.09m NOK → -38.15m NOK (equity ratio -44.7% → -479.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -479.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.09m NOK → 1.58m NOK (482382% → 634% of revenue). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact