24 RENHOLDSERVICE AS: årsregnskap 2021 vs 2020
Grew 34% on revenue, weaker earnings
approved 2022-03-24; registry 2022-03-31; journal 2022 177059
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 24 RENHOLDSERVICE AS. Revenue 4.10m NOK → 5.48m NOK (+33.5%). Net result +336.4k NOK → +48.8k NOK. Equity 367.5k NOK → 1.42m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 24 RENHOLDSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.10m NOK to 5.48m NOK (+33.5% YoY). Calculated
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↑
Equity strengthened
Book equity 367.5k NOK → 1.42m NOK (equity ratio 17.5% → 40.5%). Calculated
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↑
Cash rose
Bank deposits 1.85m NOK → 2.13m NOK (+14.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +453.2k NOK → +340.9k NOK (op. margin 11.0% → 6.2%). Calculated
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↓
Net result weakened
Net result +336.4k NOK → +48.8k NOK (net margin 8.2% → 0.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.88m NOK → 3.17m NOK (70% → 58% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 114.8k NOK → 232.6k NOK (+102.5% YoY). Calculated