ACO CONSULT AS: årsregnskap 2021 vs 2020
Shrank 44% on revenue, slipped into loss, cash halved-plus
approved 2022-12-22; registry 2023-03-11; journal 2023 321484
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACO CONSULT AS. Revenue 279.5k NOK → 156.2k NOK (-44.1%). Net result +14.4k NOK → -21.0k NOK. Equity -176.7k NOK → -212.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACO CONSULT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.11m NOK → 112.8k NOK (395% → 72% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 279.5k NOK to 156.2k NOK (-44.1% YoY). Calculated
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↓
Operating result weakened
Operating result +14.4k NOK → -21.2k NOK (op. margin 5.2% → -13.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 14.4k NOK profit to a loss of 21.0k NOK. Calculated
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↓
Equity eroded
Book equity -176.7k NOK → -212.1k NOK (equity ratio -30.0% → -37.0%). Calculated
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↓
Cash fell
Bank deposits 139.7k NOK → 31.5k NOK (-77.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -37.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 103.0k NOK → 45.4k NOK (-55.9% YoY). Calculated