AEX TRANSPORT AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, slipped into loss
approved 2022-06-30; registry 2022-08-01; journal 2022 757728
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AEX TRANSPORT AS. Revenue 17.32m NOK → 15.96m NOK (-7.8%). Net result +222.2k NOK → -1 193 NOK. Equity -54.8k NOK → -1.25m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEX TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.02m NOK → 1.30m NOK (12% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.32m NOK to 15.96m NOK (-7.8% YoY). Calculated
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↓
Operating result weakened
Operating result +296.8k NOK → -1.15m NOK (op. margin 1.7% → -7.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 222.2k NOK profit to a loss of 1 193 NOK. Calculated
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↓
Equity eroded
Book equity -54.8k NOK → -1.25m NOK (equity ratio -1.2% → -57.9%). Calculated
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↓
Cash fell
Bank deposits 545.9k NOK → 512.2k NOK (-6.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -57.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 10.90m NOK → 10.33m NOK (-5.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 116.0k NOK → 216.5k NOK. Reported fact