11222 GROUP AS: årsregnskap 2021 vs 2020
Shrank 86% on revenue, returned to profit
approved 2022-07-17; registry 2022-07-23; journal 2022 769376
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 11222 GROUP AS. Revenue 177.5k NOK → 25.3k NOK (-85.7%). Net result -7 979 NOK → +13.6k NOK. Equity 24.0k NOK → 37.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 11222 GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -39.7k NOK → +7 436 NOK (op. margin -22.3% → 29.4%). Calculated
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Turned profitable
Net result flipped from a loss of 7 979 NOK to a profit of 13.6k NOK. Calculated
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Equity strengthened
Book equity 24.0k NOK → 37.6k NOK (equity ratio 39.5% → 38.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 177.5k NOK to 25.3k NOK (-85.7% YoY). Calculated
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↓
Cash fell
Bank deposits 20.7k NOK → 12.1k NOK (-41.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 40.0k NOK → 16.2k NOK. Reported fact