...PIECE OF CAKE AS: årsregnskap 2021 vs 2020
Slipped into loss, fresh owner capital
approved 2022-06-24; registry 2022-08-02; journal 2022 845093
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ...PIECE OF CAKE AS. Net result +13.0k NOK → -3.14m NOK. Equity 1.03m NOK → -13.6k NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ...PIECE OF CAKE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6 NOK → 1 852 NOK (+30766.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.04m NOK → 3.14m NOK (+2.10m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -17.1k NOK → -3.04m NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 13.0k NOK profit to a loss of 3.14m NOK. Calculated
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↓
Equity eroded
Book equity 1.03m NOK → -13.6k NOK (equity ratio 34.0% → -108.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1515362.00× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -108.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation