AKASIA HOLDING AS: årsregnskap 2021 vs 2020
Shrank 15% on revenue, weaker earnings
approved 2022-06-15; registry 2022-07-19; journal 2022 660948
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AKASIA HOLDING AS. Revenue 28.33m NOK → 24.03m NOK (-15.2%). Net result -2.54m NOK → -37.97m NOK. Equity 67.99m NOK → 30.02m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASIA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 205.4k NOK → 451.1k NOK (+119.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 1.97×. Calculated
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↑
Payroll decreased
Salary cost 14.27bn NOK → 14.22bn NOK (50376% → 59189% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 28.33m NOK to 24.03m NOK (-15.2% YoY). Calculated
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↓
Operating result weakened
Operating result +815.7k NOK → -1.92m NOK (op. margin 2.9% → -8.0%). Calculated
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↓
Net result weakened
Net result -2.54m NOK → -37.97m NOK (net margin -9.0% → -158.0%). Calculated
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↓
Equity eroded
Book equity 67.99m NOK → 30.02m NOK (equity ratio 47.7% → 82.4%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 67.60m NOK → 30.02m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 13.65m NOK → 11.19m NOK (-18.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 95.89m NOK → 15.44m NOK. Reported fact