AIR-SEP NORGE AS: årsregnskap 2021 vs 2020
Shrank 6% on revenue, slipped into loss
approved 2022-07-21; registry 2022-08-11; journal 2022 890158
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR-SEP NORGE AS. Revenue 3.05m NOK → 2.87m NOK (-5.8%). Net result +402.9k NOK → -104.2k NOK. Equity 13.64m NOK → 338.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AIR-SEP NORGE AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 765.9k NOK → 796.3k NOK (+4.0% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.42× → 2.60×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 2.87m NOK (-5.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +529.0k NOK → -79.6k NOK (op. margin 17.4% → -2.8%). Calculated
-
↓
Fell into a net loss
Net result flipped from 402.9k NOK profit to a loss of 104.2k NOK. Calculated
-
↓
Equity eroded
Book equity 13.64m NOK → 338.9k NOK (equity ratio 1968.1% → 23.5%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 4 NOK → 840.8k NOK (0% → 29% of revenue). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 230.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 1.47m NOK → 1.45m NOK (-0.8% YoY). Calculated