AJ SERVICE AS: årsregnskap 2021 vs 2020
Shrank 69% on revenue, slipped into loss
approved 2022-04-20; registry 2022-06-29; journal 2022 547169
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AJ SERVICE AS. Revenue 1.97m NOK → 613.1k NOK (-68.8%). Net result +430.0k NOK → -365.5k NOK. Equity 950.0k NOK → 584.5k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AJ SERVICE AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 484.4k NOK → 746.8k NOK (+54.2% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.87× → 3.26×. Calculated
-
↑
Payroll decreased
Salary cost 736.9k NOK → 558.4k NOK (37% → 91% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.97m NOK to 613.1k NOK (-68.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +497.8k NOK → -431.1k NOK (op. margin 25.3% → -70.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 430.0k NOK profit to a loss of 365.5k NOK. Calculated
-
↓
Equity eroded
Book equity 950.0k NOK → 584.5k NOK (equity ratio 138.7% → 71.7%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 49.2k NOK → 34.8k NOK. Reported fact