2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS: årsregnskap 2021 vs 2020
Shrank 14% on revenue, stronger earnings
registry 2022-06-09; journal 2022 357308
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS. Revenue 21.29m NOK → 18.37m NOK (-13.8%). Net result +575.5k NOK → +1.02m NOK. Equity 3.95m NOK → 4.97m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +994.8k NOK → +1.38m NOK (op. margin 4.7% → 7.5%). Calculated
-
↑
Net result improved
Net result +575.5k NOK → +1.02m NOK (net margin 2.7% → 5.6%). Calculated
-
↑
Equity strengthened
Book equity 3.95m NOK → 4.97m NOK (equity ratio 48.6% → 46.6%). Calculated
-
↑
Cash rose
Bank deposits 129.3k NOK → 155.6k NOK (+20.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 21.29m NOK to 18.37m NOK (-13.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 18.67m NOK → 16.46m NOK (-11.8% YoY). Calculated