AK1 ELEKTRO AS: årsregnskap 2021 vs 2020
Shrank 31% on revenue, weaker earnings, cash halved-plus
approved 2022-03-03; registry 2022-06-07; journal 2022 335144
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AK1 ELEKTRO AS. Revenue 35.25m NOK → 24.36m NOK (-30.9%). Net result +2.92m NOK → +529.9k NOK. Equity 99.8k NOK → 3.63m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AK1 ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 99.8k NOK → 3.63m NOK (equity ratio 1.1% → 41.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 35.25m NOK to 24.36m NOK (-30.9% YoY). Calculated
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↓
Operating result weakened
Operating result +3.76m NOK → +763.1k NOK (op. margin 10.7% → 3.1%). Calculated
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↓
Net result weakened
Net result +2.92m NOK → +529.9k NOK (net margin 8.3% → 2.2%). Calculated
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↓
Cash fell
Bank deposits 3.04m NOK → 746.4k NOK (-75.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.05m NOK → 10.11m NOK (26% → 41% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.04m NOK → 746.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 19.76m NOK → 10.22m NOK (-48.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 394 NOK → 2 136 NOK. Reported fact