1018 DESIGN AS: årsregnskap 2021 vs 2020
Shrank 32% on revenue, returned to profit, cash halved-plus
approved 2022-01-31; registry 2022-03-02; journal 2022 131229
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1018 DESIGN AS. Revenue 705.0k NOK → 479.1k NOK (-32.0%). Net result -57.5k NOK → +157.3k NOK. Equity 21.9k NOK → 179.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -57.6k NOK → +179.2k NOK (op. margin -8.2% → 37.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 57.5k NOK to a profit of 157.3k NOK. Calculated
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↑
Equity strengthened
Book equity 21.9k NOK → 179.2k NOK (equity ratio 6.2% → 71.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 2.45×. Calculated
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↑
Payroll decreased
Salary cost 621.9k NOK → 159.8k NOK (88% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 705.0k NOK to 479.1k NOK (-32.0% YoY). Calculated
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↓
Cash fell
Bank deposits 319.2k NOK → 126.8k NOK (-60.3% YoY). Calculated