AK CONSTRUCTION AS: årsregnskap 2021 vs 2020
Shrank 98% on revenue, stronger earnings, cash halved-plus
approved 2022-06-24; registry 2022-06-27; journal 2022 535206
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK CONSTRUCTION AS. Revenue 1.89m NOK → 34.5k NOK (-98.2%). Net result -523.7k NOK → -42.5k NOK. Equity 11 NOK → -152.5k 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; headcount (årsverk) changed. All figures are taken from the published annual accounts for AK CONSTRUCTION AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -521.3k NOK → -42.4k NOK (op. margin -27.6% → -123.0%). Calculated
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Net result improved
Net result -523.7k NOK → -42.5k NOK (net margin -27.8% → -123.1%). Calculated
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Payroll decreased
Salary cost 1.55m NOK → 31.7k NOK (82% → 92% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.89m NOK to 34.5k NOK (-98.2% YoY). Calculated
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↓
Equity eroded
Book equity 11 NOK → -152.5k NOK (equity ratio 0.0% → -154.0%). Calculated
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Cash fell
Bank deposits 183.0k NOK → 76.2k NOK (-58.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -154.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 3 → 0.1. Reported fact