AET SEA SHUTTLE AS: årsregnskap 2021 vs 2020
Grew 142545% on revenue, weaker earnings, fresh owner capital
approved 2022-06-30; registry 2022-08-16; journal 2022 875873
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AET SEA SHUTTLE AS. Revenue 33.2k NOK → 47.29m NOK (+142544.7%). Net result +807.0k NOK → +13.8k NOK. Equity 116.15m NOK → 131.7k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AET SEA SHUTTLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 33.2k NOK to 47.29m NOK (+142544.7% YoY). Calculated
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Operating result improved
Operating result +4 288 NOK → +16.58m NOK (op. margin 12.9% → 35.1%). Calculated
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Cash rose
Bank deposits 16.4k NOK → 17.74m NOK (+107832.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 118.5k NOK → 63.01m NOK (+62.89m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +807.0k NOK → +13.8k NOK (net margin 2434.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 116.15m NOK → 131.7k NOK (equity ratio 50.5% → 0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 604156.25× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 27.9k NOK → 29.96m NOK (+107270.6% YoY). Calculated