FirmaIQ
Org.nr 981 564 782 2020 → 2021 Year-over-year analysis

ADVANCED CONTROL ROBOTIC AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue, stronger earnings, cash halved-plus

approved 2022-02-10; registry 2022-06-23; journal 2022 508181

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVANCED CONTROL ROBOTIC AS. Revenue 5.75m NOK → 5.18m NOK (-10.0%). Net result +3.37m NOK → +5.61m NOK. Equity 6.69m NOK → 10.30m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.

Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.

At a glance

Scorecard

Revenue
5.75m NOK 5.18m NOK
-10.0%
Operating result
+2.16m NOK +2.37m NOK
+9.7%
Net result
+3.37m NOK +5.61m NOK
+66.8%
Equity
6.69m NOK 10.30m NOK
+54.0%
Cash
1.91m NOK 315.6k NOK
-83.5%
Total assets
16.19m NOK 20.29m NOK
+25.3%

What improved

  • ↑

    Operating result improved

    Operating result +2.16m NOK → +2.37m NOK (op. margin 37.5% → 45.7%). Calculated

  • ↑

    Net result improved

    Net result +3.37m NOK → +5.61m NOK (net margin 58.5% → 108.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.69m NOK → 10.30m NOK (equity ratio 41.3% → 50.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.75m NOK to 5.18m NOK (-10.0% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 1.91m NOK → 315.6k NOK (-83.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.65× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.78m NOK → 1.81m NOK (31% → 35% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 920.9k NOK → 947.6k NOK (+2.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.91m NOK → 315.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 39.21m NOK → 37.21m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 5.50m NOK → 5 700 NOK. Reported fact