AKASTOR AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, returned to profit, cash halved-plus
approved 2022-06-28; registry 2022-07-30; journal 2022 738932
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AKASTOR AS. Revenue 51.04m NOK → 64.13m NOK (+25.6%). Net result -821.2k NOK → +433.15m NOK. Equity 4.86bn NOK → 3.23bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AKASTOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 51.04m NOK to 64.13m NOK (+25.6% YoY). Calculated
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Operating result improved
Operating result -84.33m NOK → -47.52m NOK (op. margin -165.2% → -74.1%). Calculated
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Turned profitable
Net result flipped from a loss of 821.2k NOK to a profit of 433.15m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.86bn NOK → 3.23bn NOK (equity ratio 73.3% → 64.0%). Calculated
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↓
Cash fell
Bank deposits 60.29m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (60.29m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 4.86bn NOK → 3.23bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 45.80m NOK → 66.54m NOK (90% → 104% of revenue). Calculated
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Book investments changed
Investment / intangible book value 12.76bn NOK → 12.81m NOK. Reported fact