2H ELEKTRO AS: årsregnskap 2021 vs 2020
Weaker earnings, fresh owner capital
approved 2022-06-22; registry 2022-06-27; journal 2022 527740
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2H ELEKTRO AS. Revenue 2.35m NOK → 2.41m NOK (+2.7%). Net result +80.0k NOK → +17.3k NOK. Equity 12.27m NOK → 290.1k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2H ELEKTRO AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.35m NOK to 2.41m NOK (+2.7% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 110 NOK → 110.0k NOK (+109.9k NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +103.8k NOK → +23.4k NOK (op. margin 4.4% → 1.0%). Calculated
-
↓
Net result weakened
Net result +80.0k NOK → +17.3k NOK (net margin 3.4% → 0.7%). Calculated
-
↓
Equity eroded
Book equity 12.27m NOK → 290.1k NOK (equity ratio 1356.4% → 39.2%). Calculated
-
↓
Cash fell
Bank deposits 448.6k NOK → 442.1k NOK (-1.5% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2 NOK → 2.96m NOK (0% → 123% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 91.2k NOK → 1.11m NOK (+1114.5% YoY). Calculated