AQUALIS ASA: årsregnskap 2021 vs 2020
Grew 35% on revenue, stronger earnings, cash halved-plus
approved 2022-06-01; registry 2022-08-04; journal 2022 785220
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AQUALIS ASA. Revenue 9.10m NOK → 12.34m NOK (+35.5%). Net result +1.51m NOK → +25.68m NOK. Equity 470.6k NOK → 480.9k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AQUALIS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.10m NOK to 12.34m NOK (+35.5% YoY). Calculated
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Net result improved
Net result +1.51m NOK → +25.68m NOK (net margin 16.6% → 208.2%). Calculated
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Equity strengthened
Book equity 470.6k NOK → 480.9k NOK (equity ratio 75.7% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 470.6k NOK → 480.9k NOK (+10.3k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -6.65m NOK → -9.12m NOK (op. margin -73.1% → -74.0%). Calculated
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Cash fell
Bank deposits 31.21m NOK → 5.87m NOK (-81.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (31.21m NOK → 5.87m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 579.7k NOK → 561.83m NOK. Reported fact