AKA TRANSPORT AS: årsregnskap 2021 vs 2020
Shrank 50% on revenue, weaker earnings, cash halved-plus
approved 2022-06-28; registry 2022-07-02; journal 2022 572602
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AKA TRANSPORT AS. Revenue 5.48m NOK → 2.73m NOK (-50.1%). Net result -160.8k NOK → -320.7k NOK. Equity 181.1k NOK → -139.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKA TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.23m NOK → 1.38m NOK (41% → 50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.48m NOK to 2.73m NOK (-50.1% YoY). Calculated
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↓
Operating result weakened
Operating result -47.7k NOK → -319.8k NOK (op. margin -0.9% → -11.7%). Calculated
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↓
Net result weakened
Net result -160.8k NOK → -320.7k NOK (net margin -2.9% → -11.7%). Calculated
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↓
Equity eroded
Book equity 181.1k NOK → -139.6k NOK (equity ratio 14.8% → -20.1%). Calculated
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↓
Cash fell
Bank deposits 657.1k NOK → 241.9k NOK (-63.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 509.5k NOK → 173.8k NOK (-65.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 241.6k NOK → 147.0k NOK. Reported fact