Org.nr 916 579 268 2020 → 2021 Year-over-year analysis

WRK4ME AS: årsregnskap 2021 vs 2020

Another loss-making year

registry 2022-07-02; journal 2022 581400

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for WRK4ME AS. Net result -27.8k NOK → -37.6k NOK. Equity -322.1k NOK → -359.8k NOK.

On the constructive side: operating result improved; cash rose. Pressures included: net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for WRK4ME AS.

At a glance

Revenue

0 NOK n/m

—

Operating result

-10.4k NOK -1 370 NOK

+86.8%

Net result

-27.8k NOK -37.6k NOK

-35.5%

Equity

-322.1k NOK -359.8k NOK

-11.7%

Cash

-838.1k NOK 1 NOK

+100.0%

Total assets

576.0k NOK 576.1k NOK

+0.0%

↑
Operating result improved

Operating result -10.4k NOK → -1 370 NOK. Calculated
↑
Cash rose

Bank deposits -838.1k NOK → 1 NOK (+100.0% YoY). Calculated

↓
Net result weakened

Net result -27.8k NOK → -37.6k NOK. Calculated
↓
Equity eroded

Book equity -322.1k NOK → -359.8k NOK (equity ratio -55.9% → -62.5%). Calculated

·
Thin equity buffer

Equity ratio is -62.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation