ACO AS: årsregnskap 2021 vs 2020
Shrank 11% on revenue, slipped into loss, cash halved-plus
approved 2022-06-30; registry 2022-07-16; journal 2022 714058
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACO AS. Revenue 3.13m NOK → 2.79m NOK (-10.7%). Net result +11.13m NOK → -1.26m NOK. Equity 2.04m NOK → 1.78m NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACO AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 1.37m NOK → 2.37m NOK (+1.00m NOK). Reported fact
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Payroll decreased
Salary cost 1.72m NOK → 1.57m NOK (55% → 56% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.13m NOK to 2.79m NOK (-10.7% YoY). Calculated
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Operating result weakened
Operating result -705.4k NOK → -2.64m NOK (op. margin -22.6% → -94.7%). Calculated
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Fell into a net loss
Net result flipped from 11.13m NOK profit to a loss of 1.26m NOK. Calculated
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Equity eroded
Book equity 2.04m NOK → 1.78m NOK (equity ratio 16.1% → 14.9%). Calculated
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Cash fell
Bank deposits 4.77m NOK → 1.10m NOK (-77.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.77m NOK → 1.10m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation