AET SEA SHUTTLE II AS: årsregnskap 2021 vs 2020
Grew 189153% on revenue, stronger earnings, fresh owner capital
registry 2022-07-30; journal 2022 735974
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AET SEA SHUTTLE II AS. Revenue 24.3k NOK → 45.98m NOK (+189152.9%). Net result +5 307 NOK → +16.22m NOK. Equity 100.54m NOK → 122.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AET SEA SHUTTLE II AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 24.3k NOK to 45.98m NOK (+189152.9% YoY). Calculated
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Operating result improved
Operating result +9 435 NOK → +20.38m NOK (op. margin 38.8% → 44.3%). Calculated
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Net result improved
Net result +5 307 NOK → +16.22m NOK (net margin 21.8% → 35.3%). Calculated
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Cash rose
Bank deposits 13.1k NOK → 14.80m NOK (+113189.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 4 000 NOK → 99.94m NOK (+99.93m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 100.54m NOK → 122.8k NOK (equity ratio 33.0% → 0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 520.74× → 0.85× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 14.4k NOK → 25.05m NOK (+173275.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 1.47m NOK. Reported fact