AK NORD AS: årsregnskap 2021 vs 2020
Grew 121% on revenue, slipped into loss
approved 2023-03-03; registry 2023-03-06; journal 2023 318120
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK NORD AS. Revenue 9.70m NOK → 21.48m NOK (+121.4%). Net result +100.6k NOK → -853.3k NOK. Equity 125.1k NOK → -728.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AK NORD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.70m NOK to 21.48m NOK (+121.4% YoY). Calculated
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Cash rose
Bank deposits 1 223 NOK → 239.4k NOK (+19472.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +131.9k NOK → -813.3k NOK (op. margin 1.4% → -3.8%). Calculated
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Fell into a net loss
Net result flipped from 100.6k NOK profit to a loss of 853.3k NOK. Calculated
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↓
Equity eroded
Book equity 125.1k NOK → -728.2k NOK (equity ratio 3.2% → -17.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1025.15× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 4 869 NOK → 10.89m NOK (0% → 51% of revenue). Calculated
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COGS moved
COGS / varekostnad 4 117 NOK → 8.54m NOK (+207352.7% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 13. Reported fact