ACFP AS: årsregnskap 2021 vs 2020
Shrank 74% on revenue, stronger earnings, cash halved-plus
approved 2022-06-20; registry 2022-07-07; journal 2022 591148
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACFP AS. Revenue 185.0k NOK → 48.0k NOK (-74.1%). Net result -107.35m NOK → -21.41m NOK. Equity -176.33m NOK → -197.19m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACFP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -104.75m NOK → -21.97m NOK (op. margin -56624.3% → -45770.8%). Calculated
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Net result improved
Net result -107.35m NOK → -21.41m NOK (net margin -58024.9% → -44593.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 185.0k NOK to 48.0k NOK (-74.1% YoY). Calculated
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Equity eroded
Book equity -176.33m NOK → -197.19m NOK (equity ratio -328.5% → -12730.3%). Calculated
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Cash fell
Bank deposits 319.0k NOK → 148.0k NOK (-53.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12730.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation