ACS AS, AQUILA CORPORATE SERVICES: årsregnskap 2021 vs 2020
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2022-07-01; registry 2022-07-06; journal 2022 634591
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACS AS, AQUILA CORPORATE SERVICES. Revenue 100.0k NOK → 481 NOK (-99.5%). Net result +643.1k NOK → +186.6k NOK. Equity 11.79m NOK → 10.58m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACS AS, AQUILA CORPORATE SERVICES.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -292.3k NOK → +196.6k NOK (op. margin -292.3% → 40865.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 100.0k NOK to 481 NOK (-99.5% YoY). Calculated
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↓
Net result weakened
Net result +643.1k NOK → +186.6k NOK (net margin 643.1% → 38804.2%). Calculated
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↓
Equity eroded
Book equity 11.79m NOK → 10.58m NOK (equity ratio 1458.5% → 180134.2%). Calculated
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↓
Cash fell
Bank deposits 296.8k NOK → 86.3k NOK (-70.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 17.17× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 455.6k NOK → 605.6k NOK. Reported fact