2020PARK AS: årsregnskap 2021 vs 2020
Stronger earnings
approved 2022-04-21; registry 2022-06-14; journal 2022 412932
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2020PARK AS. Revenue 38.05m NOK → 39.11m NOK (+2.8%). Net result +6.89m NOK → +10.56m NOK. Equity 40.87m NOK → 19.20m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 2020PARK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 38.05m NOK to 39.11m NOK (+2.8% YoY). Calculated
-
↑
Operating result improved
Operating result +14.87m NOK → +15.84m NOK (op. margin 39.1% → 40.5%). Calculated
-
↑
Net result improved
Net result +6.89m NOK → +10.56m NOK (net margin 18.1% → 27.0%). Calculated
-
↑
Cash rose
Bank deposits 1.20m NOK → 5.82m NOK (+383.2% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 40.87m NOK → 19.20m NOK (equity ratio 7.3% → 3.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 40.87m NOK → 19.20m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 3.18m NOK → 3.33m NOK (8% → 9% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 371.66m NOK → 357.38m NOK. Reported fact