AH CLASSIC CARS AS: årsregnskap 2021 vs 2020
Grew 310% on revenue, weaker earnings, cash halved-plus
approved 2022-04-20; registry 2022-05-12; journal 2022 221718
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AH CLASSIC CARS AS. Revenue 131.6k NOK → 539.2k NOK (+309.8%). Net result -2.00m NOK → -6.05m NOK. Equity 19.15m NOK → 13.10m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AH CLASSIC CARS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 131.6k NOK to 539.2k NOK (+309.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.94m NOK → -6.22m NOK (op. margin -1474.8% → -1152.9%). Calculated
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↓
Net result weakened
Net result -2.00m NOK → -6.05m NOK (net margin -1522.1% → -1122.3%). Calculated
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↓
Equity eroded
Book equity 19.15m NOK → 13.10m NOK (equity ratio 95.9% → 89.7%). Calculated
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↓
Cash fell
Bank deposits 4.78m NOK → 1.11m NOK (-76.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.78m NOK → 1.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 19.15m NOK → 13.10m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 650.7k NOK → 887.2k NOK (495% → 165% of revenue). Calculated
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COGS moved
COGS / varekostnad 218.4k NOK → 4.53m NOK (+1973.3% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 4 → 3. Reported fact