12 YEARS AGENCY AS: årsregnskap 2021 vs 2020
Grew 1301% on revenue, stronger earnings
approved 2022-04-07; registry 2022-05-09; journal 2022 264104
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 12 YEARS AGENCY AS. Revenue 125.6k NOK → 1.76m NOK (+1301.2%). Net result +203.6k NOK → +399.1k NOK. Equity 5.23m NOK → 524.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 12 YEARS AGENCY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 125.6k NOK to 1.76m NOK (+1301.2% YoY). Calculated
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Operating result improved
Operating result +259.1k NOK → +510.4k NOK (op. margin 206.2% → 29.0%). Calculated
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Net result improved
Net result +203.6k NOK → +399.1k NOK (net margin 162.1% → 22.7%). Calculated
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Cash rose
Bank deposits 349.4k NOK → 928.8k NOK (+165.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.23m NOK → 524.6k NOK (equity ratio 938.5% → 53.6%). Calculated
Things to notice
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Payroll increased
Salary cost 673.0k NOK → 1.04m NOK (536% → 59% of revenue). Calculated
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COGS moved
COGS / varekostnad 40.4k NOK → 71.3k NOK (+76.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.0k NOK → 8 000 NOK. Reported fact