CIRCIO HOLDING ASA: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus, fresh owner capital
approved 2022-04-20; registry 2022-04-28; journal 2022 223100
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for CIRCIO HOLDING ASA. Revenue 15.51m NOK → 16.04m NOK (+3.5%). Net result -39.91m NOK → -51.45m NOK. Equity 686.9k NOK → 790.9k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for CIRCIO HOLDING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.51m NOK to 16.04m NOK (+3.5% YoY). Calculated
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Equity strengthened
Book equity 686.9k NOK → 790.9k NOK (equity ratio 97.9% → 97.2%). Calculated
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Owners injected capital
Paid-in equity rose 1.06m NOK → 18.83m NOK (+17.78m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -39.88m NOK → -50.38m NOK (op. margin -257.2% → -314.1%). Calculated
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Net result weakened
Net result -39.91m NOK → -51.45m NOK (net margin -257.4% → -320.7%). Calculated
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Cash fell
Bank deposits 105.74m NOK → 170.0k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.67× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (105.74m NOK → 170.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 586.5k NOK → 636.1k NOK. Reported fact