AK BILLAKKERING OG OPPRETTING AS: årsregnskap 2021 vs 2020
Shrank 5% on revenue, stronger earnings
approved 2022-06-26; registry 2022-06-28; journal 2022 540740
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK BILLAKKERING OG OPPRETTING AS. Revenue 1.92m NOK → 1.83m NOK (-5.1%). Net result -216.9k NOK → -72.7k NOK. Equity -462.7k NOK → -535.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK BILLAKKERING OG OPPRETTING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -219.7k NOK → -71.3k NOK (op. margin -11.4% → -3.9%). Calculated
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Net result improved
Net result -216.9k NOK → -72.7k NOK (net margin -11.3% → -4.0%). Calculated
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Payroll decreased
Salary cost 334.2k NOK → 244.5k NOK (17% → 13% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.92m NOK to 1.83m NOK (-5.1% YoY). Calculated
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Equity eroded
Book equity -462.7k NOK → -535.4k NOK (equity ratio -72.4% → -91.7%). Calculated
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Cash fell
Bank deposits 314.4k NOK → 275.3k NOK (-12.5% YoY). Calculated
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COGS moved
COGS / varekostnad 337.5k NOK → 397.4k NOK (+17.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -91.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation