ACUS AS: årsregnskap 2021 vs 2020
Shrank 69% on revenue, cash halved-plus
approved 2022-06-28; registry 2022-07-02; journal 2022 590406
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACUS AS. Revenue 763.2k NOK → 238.3k NOK (-68.8%). Net result -963.8k NOK → -776.3k NOK. Equity -1.01m NOK → -1.79m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACUS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -931.9k NOK → -760.7k NOK (op. margin -122.1% → -319.3%). Calculated
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Net result improved
Net result -963.8k NOK → -776.3k NOK (net margin -126.3% → -325.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 763.2k NOK to 238.3k NOK (-68.8% YoY). Calculated
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Equity eroded
Book equity -1.01m NOK → -1.79m NOK (equity ratio -34.0% → -78.2%). Calculated
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Cash fell
Bank deposits 445.9k NOK → 193.0k NOK (-56.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 NOK → 7.64m NOK (0% → 3208% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -78.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation