AK BÅT OG BIL AS: årsregnskap 2021 vs 2020
Shrank 63% on revenue, stronger earnings
approved 2022-02-05; registry 2022-02-08; journal 2022 113918
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK BÅT OG BIL AS. Revenue 288.6k NOK → 107.8k NOK (-62.6%). Net result -192.7k NOK → -53.3k NOK. Equity 371.2k NOK → 2 569 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AK BÅT OG BIL AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -114.0k NOK → +22.1k NOK (op. margin -39.5% → 20.5%). Calculated
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Net result improved
Net result -192.7k NOK → -53.3k NOK (net margin -66.8% → -49.4%). Calculated
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Cash rose
Bank deposits 4 850 NOK → 88.1k NOK (+1716.0% YoY). Calculated
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Current ratio back above 1×
Current ratio -5.73× → 2.20×. Calculated
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Payroll decreased
Salary cost 23.4k NOK → 13.7k NOK (8% → 13% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 288.6k NOK to 107.8k NOK (-62.6% YoY). Calculated
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Equity eroded
Book equity 371.2k NOK → 2 569 NOK (equity ratio 15.1% → 0.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 371.2k NOK → 2 569 NOK — check capital reduction, conversion, or reclassification. Interpretation