ACRE AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-06-25; registry 2022-08-11; journal 2022 890556
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACRE AS. Revenue 0 NOK → -38.9k NOK. Net result -928 NOK → -47.4k NOK. Equity 42.5k NOK → -4 946 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ACRE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 0 NOK to -38.9k NOK. Calculated
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↓
Operating result weakened
Operating result +965 NOK → -45.2k NOK. Calculated
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↓
Net result weakened
Net result -928 NOK → -47.4k NOK. Calculated
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↓
Equity eroded
Book equity 42.5k NOK → -4 946 NOK (equity ratio 100.0% → -18.2%). Calculated
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↓
Cash fell
Bank deposits 42.5k NOK → 3 544 NOK (-91.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 42.5k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation