AJOUR CONSULTING AS: årsregnskap 2021 vs 2020
Shrank 7% on revenue, cash halved-plus
approved 2022-05-26; registry 2022-07-11; journal 2022 622376
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AJOUR CONSULTING AS. Revenue 3.24m NOK → 3.01m NOK (-7.3%). Net result +970.1k NOK → +984.6k NOK. Equity 953.2k NOK → 257.7k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJOUR CONSULTING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +246.0k NOK → +1.27m NOK (op. margin 7.6% → 42.1%). Calculated
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Current ratio back above 1×
Current ratio 0.33× → 1.04×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.24m NOK to 3.01m NOK (-7.3% YoY). Calculated
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Equity eroded
Book equity 953.2k NOK → 257.7k NOK (equity ratio 41.4% → 8.7%). Calculated
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Cash fell
Bank deposits 805.2k NOK → 164.5k NOK (-79.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.24m NOK → 3.49m NOK (38% → 116% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation