ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2021 vs 2020
Grew 22% on revenue, returned to profit, cash halved-plus
approved 2022-04-22; registry 2022-08-30; journal 2022 900286
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 8.42m NOK → 10.28m NOK (+22.1%). Net result -2.87m NOK → +44.01m NOK. Equity 194.28m NOK → 350.6k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; 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 ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.42m NOK to 10.28m NOK (+22.1% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 2.87m NOK to a profit of 44.01m NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -8.53m NOK → -15.75m NOK (op. margin -101.3% → -153.3%). Calculated
-
↓
Equity eroded
Book equity 194.28m NOK → 350.6k NOK (equity ratio 69266.7% → 75.3%). Calculated
-
↓
Cash fell
Bank deposits 137.57m NOK → 197.2k NOK (-99.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.50× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (137.57m NOK → 197.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 244.41m NOK → 359.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 9.80m NOK → 17.30m NOK (116% → 168% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 52.20m NOK → 169.10m NOK. Reported fact