AIWELL WATER AS: årsregnskap 2021 vs 2020
Grew 197% on revenue, fresh owner capital
approved 2022-06-13; registry 2022-06-20; journal 2022 462241
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIWELL WATER AS. Revenue 158.4k NOK → 470.1k NOK (+196.8%). Net result -624.0k NOK → -618.6k NOK. Equity 31.4k NOK → -125.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIWELL WATER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 158.4k NOK to 470.1k NOK (+196.8% YoY). Calculated
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Operating result improved
Operating result -625.6k NOK → -618.6k NOK (op. margin -395.0% → -131.6%). Calculated
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Cash rose
Bank deposits 87.5k NOK → 306.1k NOK (+249.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 936.7k NOK (+906.7k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 31.4k NOK → -125.5k NOK (equity ratio 2.9% → -13.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -13.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation