ACO TRANSPORT AS: årsregnskap 2021 vs 2020
Grew 47% on revenue, stronger earnings, cash halved-plus
approved 2022-05-18; registry 2022-06-18; journal 2022 453693
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACO TRANSPORT AS. Revenue 13.84m NOK → 20.34m NOK (+47.0%). Net result +358.0k NOK → +1.61m NOK. Equity 2.92m NOK → 2.03m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ACO TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.84m NOK to 20.34m NOK (+47.0% YoY). Calculated
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Operating result improved
Operating result +962.7k NOK → +2.32m NOK (op. margin 7.0% → 11.4%). Calculated
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Net result improved
Net result +358.0k NOK → +1.61m NOK (net margin 2.6% → 7.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.92m NOK → 2.03m NOK (equity ratio 18.0% → 8.0%). Calculated
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Cash fell
Bank deposits 1.71m NOK → 122.4k NOK (-92.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.71m NOK → 122.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.11m NOK → 4.81m NOK (22% → 24% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.19m NOK → 4.88m NOK (+52.9% YoY). Calculated