AKA FREE HANDS AS: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
approved 2022-05-10; registry 2022-07-11; journal 2022 675093
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AKA FREE HANDS AS. Revenue 75.0k NOK → 75.0k NOK (0.0%). Net result +52.5k NOK → -131.9k NOK. Equity 76.9k NOK → -55.0k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKA FREE HANDS AS.
At a glance
Scorecard
What deteriorated
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Operating result weakened
Operating result +65.7k NOK → -131.8k NOK (op. margin 87.7% → -175.8%). Calculated
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Fell into a net loss
Net result flipped from 52.5k NOK profit to a loss of 131.9k NOK. Calculated
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Equity eroded
Book equity 76.9k NOK → -55.0k NOK (equity ratio 78.7% → -181.0%). Calculated
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Cash fell
Bank deposits 97.8k NOK → 30.4k NOK (-69.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 4.69× → 0.36× — 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 -181.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation