AE RESTAURANTDRIFT AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, weaker earnings, cash halved-plus
approved 2022-06-25; registry 2022-07-05; journal 2022 569480
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AE RESTAURANTDRIFT AS. Revenue 10.20m NOK → 9.34m NOK (-8.4%). Net result -1.09m NOK → -1.55m NOK. Equity -351.5k NOK → -2.47m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AE RESTAURANTDRIFT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.38m NOK → 1.61m NOK (23% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.20m NOK to 9.34m NOK (-8.4% YoY). Calculated
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↓
Operating result weakened
Operating result -1.39m NOK → -1.52m NOK (op. margin -13.7% → -16.3%). Calculated
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↓
Net result weakened
Net result -1.09m NOK → -1.55m NOK (net margin -10.7% → -16.6%). Calculated
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↓
Equity eroded
Book equity -351.5k NOK → -2.47m NOK (equity ratio -11.5% → -149.5%). Calculated
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↓
Cash fell
Bank deposits 583.1k NOK → 253.7k NOK (-56.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -149.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.21m NOK → 1.94m NOK (-12.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 8 → 5. Reported fact