GOODTECH ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2022-04-28; registry 2022-06-14; journal 2022 425100
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for GOODTECH ASA. Revenue 2.50m NOK → 0 NOK (-100.0%). Net result +2.81m NOK → +7.52m NOK. Equity 282.0k NOK → 293.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -6.29m NOK → +8.60m NOK. Calculated
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Net result improved
Net result +2.81m NOK → +7.52m NOK. Calculated
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Equity strengthened
Book equity 282.0k NOK → 293.5k NOK (equity ratio 81.7% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 478.3k NOK → 482.9k NOK (+4 630 NOK). Reported fact
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Payroll decreased
Salary cost 4.89m NOK → 2.13m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.50m NOK to 0 NOK (-100.0% YoY). Calculated
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Cash fell
Bank deposits 75.88m NOK → 11.96m NOK (-84.2% YoY). Calculated
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COGS moved
COGS / varekostnad 5.21m NOK → 16.20m NOK (+210.8% 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 (75.88m NOK → 11.96m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 201.5k NOK → 231.0k NOK. Reported fact