AEKO STIMA AS: årsregnskap 2021 vs 2020
Grew 923% on revenue, weaker earnings
approved 2022-04-22; registry 2022-05-05; journal 2022 259084
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AEKO STIMA AS. Revenue 53.0k NOK → 542.2k NOK (+922.9%). Net result +7.59m NOK → +3.42m NOK. Equity 321.6k NOK → 242.0k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AEKO STIMA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 53.0k NOK to 542.2k NOK (+922.9% YoY). Calculated
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Operating result improved
Operating result -222.3k NOK → +24.2k NOK (op. margin -419.5% → 4.5%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result +7.59m NOK → +3.42m NOK (net margin 14325.7% → 630.9%). Calculated
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↓
Equity eroded
Book equity 321.6k NOK → 242.0k NOK (equity ratio 37.3% → 6.1%). Calculated
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Cash fell
Bank deposits 251.1k NOK → 199.0k NOK (-20.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 7 179 NOK → 379.6k NOK (14% → 70% of revenue). Calculated
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COGS moved
COGS / varekostnad 7 475 NOK → 50.9k NOK (+581.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 49.1k NOK → 75.2k NOK. Reported fact