ERICHSEN HOLDING AS: årsregnskap 2021 vs 2020
Another loss-making year
approved 2022-05-15; registry 2022-05-23; journal 2022 318549
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ERICHSEN HOLDING AS. Net result -8 718 NOK → -7 080 NOK. Equity 12.5k NOK → 5 388 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ERICHSEN HOLDING AS.
At a glance
Scorecard
Operating result
-8 718 NOK
-7 080 NOK
+18.8%
Net result
-8 718 NOK
-7 080 NOK
+18.8%
Equity
12.5k NOK
5 388 NOK
-56.8%
Cash
2 467 NOK
2 467 NOK
0.0%
Total assets
280.7k NOK
373.7k NOK
+33.2%
What improved
-
↑
Operating result improved
Operating result -8 718 NOK → -7 080 NOK. Calculated
-
↑
Net result improved
Net result -8 718 NOK → -7 080 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 12.5k NOK → 5 388 NOK (equity ratio 4.4% → 1.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation