ADVANCED FIBER OPTICS AS: årsregnskap 2021 vs 2020
Cash halved-plus
approved 2022-05-30; registry 2022-07-02; journal 2022 582030
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED FIBER OPTICS AS. Revenue 830.7k NOK → 838.9k NOK (+1.0%). Net result +628.5k NOK → +729.0k NOK. Equity 2.31m NOK → 1.54m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVANCED FIBER OPTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 830.7k NOK to 838.9k NOK (+1.0% YoY). Calculated
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↑
Net result improved
Net result +628.5k NOK → +729.0k NOK (net margin 75.7% → 86.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +804.6k NOK → +783.3k NOK (op. margin 96.9% → 93.4%). Calculated
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↓
Equity eroded
Book equity 2.31m NOK → 1.54m NOK (equity ratio 80.1% → 89.7%). Calculated
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↓
Cash fell
Bank deposits 2.47m NOK → 977.4k NOK (-60.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.47m NOK → 977.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation