AIRPROSJEKT AS: årsregnskap 2021 vs 2020
Shrank 74% on revenue, slipped into loss
approved 2022-07-31; registry 2022-08-16; journal 2022 878605
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRPROSJEKT AS. Revenue 6.31m NOK → 1.66m NOK (-73.8%). Net result +4.21m NOK → -591.9k NOK. Equity 8.84m NOK → 245.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 201.6k NOK → 1.41m NOK (+598.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.31m NOK to 1.66m NOK (-73.8% YoY). Calculated
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↓
Operating result weakened
Operating result +4.97m NOK → -305.9k NOK (op. margin 78.7% → -18.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 4.21m NOK profit to a loss of 591.9k NOK. Calculated
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↓
Equity eroded
Book equity 8.84m NOK → 245.7k NOK (equity ratio 46.8% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 73.4k NOK → 30.0k NOK. Reported fact