2KN RØR-SERVICE AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, returned to profit
approved 2022-06-21; registry 2022-08-16; journal 2022 874007
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2KN RØR-SERVICE AS. Revenue 6.70m NOK → 7.67m NOK (+14.5%). Net result -132.2k NOK → +503.6k NOK. Equity -133.1k NOK → 370.5k 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 2KN RØR-SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.70m NOK to 7.67m NOK (+14.5% YoY). Calculated
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Operating result improved
Operating result +37.9k NOK → +548.6k NOK (op. margin 0.6% → 7.2%). Calculated
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Turned profitable
Net result flipped from a loss of 132.2k NOK to a profit of 503.6k NOK. Calculated
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Equity strengthened
Book equity -133.1k NOK → 370.5k NOK (equity ratio -6.8% → 13.6%). Calculated
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Current ratio back above 1×
Current ratio 0.87× → 1.01×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 901.4k NOK → 651.7k NOK (-27.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 4.68m NOK → 6.09m NOK (70% → 79% of revenue). Calculated
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COGS moved
COGS / varekostnad 28.7k NOK → 61.3k NOK (+113.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 85.8k NOK → 268.5k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 5 → 6. Reported fact