Org.nr 921 196 156 2020 → 2021 Year-over-year analysis

EDH HOLDING AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-07-10; registry 2022-07-30; journal 2022 738302

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for EDH HOLDING AS. Net result +50.85m NOK → +2.55m NOK. Equity 48.86m NOK → 51.40m NOK.

On the constructive side: equity strengthened. 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 EDH HOLDING AS.

At a glance

Revenue

n/m 0 NOK

—

Operating result

-22.4k NOK -125.2k NOK

-458.1%

Net result

+50.85m NOK +2.55m NOK

-95.0%

Equity

48.86m NOK 51.40m NOK

+5.2%

Cash

27.25m NOK 7 575 NOK

-100.0%

Total assets

50.93m NOK 51.52m NOK

+1.2%

↑
Equity strengthened

Book equity 48.86m NOK → 51.40m NOK (equity ratio 95.9% → 99.8%). Calculated

↓
Operating result weakened

Operating result -22.4k NOK → -125.2k NOK. Calculated
↓
Net result weakened

Net result +50.85m NOK → +2.55m NOK. Calculated
↓
Cash fell

Bank deposits 27.25m NOK → 7 575 NOK (-100.0% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (27.25m NOK → 7 575 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 15.77m NOK → 8.79m NOK. Reported fact