1ST BRANDS AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, returned to profit
approved 2022-05-15; registry 2022-06-02; journal 2022 317960
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 1ST BRANDS AS. Revenue 6.80m NOK → 7.80m NOK (+14.6%). Net result -208.5k NOK → +78.2k NOK. Equity -757.2k NOK → -679.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.80m NOK to 7.80m NOK (+14.6% YoY). Calculated
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↑
Operating result improved
Operating result -217.5k NOK → +138.4k NOK (op. margin -3.2% → 1.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 208.5k NOK to a profit of 78.2k NOK. Calculated
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↑
Equity strengthened
Book equity -757.2k NOK → -679.0k NOK (equity ratio -45.6% → -42.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 205.6k NOK → 170.7k NOK (-17.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.79m NOK → 4.37m NOK (56% → 56% of revenue). Calculated
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COGS moved
COGS / varekostnad 112.4k NOK → 183.1k NOK (+63.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 14.1k NOK → 5 653 NOK. Reported fact