AKERSHUS BYGG BRØDRE AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2023-03-09; registry 2023-05-04; journal 2023 385441
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AKERSHUS BYGG BRØDRE AS. Revenue 10.94m NOK → 10.66m NOK (-2.5%). Net result -320.3k NOK → -73.7k NOK. Equity 159.2k NOK → 85.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS BYGG BRØDRE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -411.4k NOK → -80.8k NOK (op. margin -3.8% → -0.8%). Calculated
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Net result improved
Net result -320.3k NOK → -73.7k NOK (net margin -2.9% → -0.7%). Calculated
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Payroll decreased
Salary cost 5.57m NOK → 5.07m NOK (51% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.94m NOK to 10.66m NOK (-2.5% YoY). Calculated
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↓
Equity eroded
Book equity 159.2k NOK → 85.5k NOK (equity ratio 7.4% → 4.0%). Calculated
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↓
Cash fell
Bank deposits 511.9k NOK → 1 179 NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.95× — 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 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 4.76m NOK → 4.70m NOK (-1.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 1 070 NOK → 8 000 NOK. Reported fact