AK MARINE AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, returned to profit
approved 2022-07-13; registry 2022-07-25; journal 2022 781864
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK MARINE AS. Revenue 2.27m NOK → 2.68m NOK (+18.2%). Net result -1.18m NOK → +5.63m NOK. Equity -1.03m NOK → -402.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AK MARINE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.27m NOK to 2.68m NOK (+18.2% YoY). Calculated
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Operating result improved
Operating result -1.33m NOK → +901.1k NOK (op. margin -58.4% → 33.6%). Calculated
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Turned profitable
Net result flipped from a loss of 1.18m NOK to a profit of 5.63m NOK. Calculated
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Equity strengthened
Book equity -1.03m NOK → -402.6k NOK (equity ratio -25.8% → -42.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 383.8k NOK → 247.0k NOK (-35.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -42.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.27m NOK → 4.77m NOK (56% → 178% of revenue). Calculated
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COGS fell
COGS / varekostnad 557.3k NOK → 196 NOK (-100.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact