Org.nr 919 200 871 2020 → 2021 Year-over-year analysis

10 MASKIN AS: årsregnskap 2021 vs 2020

Shrank 12% on revenue, returned to profit

approved 2022-05-12; registry 2022-05-16; journal 2022 296876

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 10 MASKIN AS. Revenue 535.6k NOK → 468.7k NOK (-12.5%). Net result -101.8k NOK → +227.8k NOK.

On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10 MASKIN AS.

At a glance

Revenue

535.6k NOK 468.7k NOK

-12.5%

Operating result

-92.9k NOK +233.5k NOK

+351.5%

Net result

-101.8k NOK +227.8k NOK

+323.8%

Cash

22.5k NOK 17.7k NOK

-21.5%

Total assets

177.7k NOK 175.8k NOK

-1.1%

↑
Operating result improved

Operating result -92.9k NOK → +233.5k NOK (op. margin -17.3% → 49.8%). Calculated
↑
Turned profitable

Net result flipped from a loss of 101.8k NOK to a profit of 227.8k NOK. Calculated
↑
Payroll decreased

Salary cost 133.5k NOK → 62.0k NOK (25% → 13% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 535.6k NOK to 468.7k NOK (-12.5% YoY). Calculated
↓
Cash fell

Bank deposits 22.5k NOK → 17.7k NOK (-21.5% YoY). Calculated