13 HUMLER AS: årsregnskap 2021 vs 2020
Shrank 46% on revenue, stronger earnings
approved 2022-06-24; registry 2022-06-29; journal 2022 550265
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 13 HUMLER AS. Revenue 338.9k NOK → 184.4k NOK (-45.6%). Net result -147.8k NOK → -90.2k NOK. Equity -71.1k NOK → -161.3k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for 13 HUMLER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -147.4k NOK → -85.6k NOK (op. margin -43.5% → -46.4%). Calculated
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Net result improved
Net result -147.8k NOK → -90.2k NOK (net margin -43.6% → -48.9%). Calculated
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Cash rose
Bank deposits 11.9k NOK → 13.4k NOK (+13.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 338.9k NOK to 184.4k NOK (-45.6% YoY). Calculated
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Equity eroded
Book equity -71.1k NOK → -161.3k NOK (equity ratio -56.5% → -92.1%). Calculated
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Payroll up without matching revenue
Salary cost 162.7k NOK → 3.85m NOK (48% → 2088% of revenue). Calculated
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COGS moved
COGS / varekostnad 127.0k NOK → 941.9k NOK (+641.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -92.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact