2MIND DESIGN AS: årsregnskap 2021 vs 2020
Grew 54% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-05; journal 2022 618486
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2MIND DESIGN AS. Revenue 507.5k NOK → 780.9k NOK (+53.9%). Net result +76.0k NOK → +46.5k NOK. Equity 135.3k NOK → 181.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 2MIND DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 507.5k NOK to 780.9k NOK (+53.9% YoY). Calculated
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↑
Equity strengthened
Book equity 135.3k NOK → 181.8k NOK (equity ratio 61.7% → 51.6%). Calculated
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↑
Cash rose
Bank deposits 18.2k NOK → 159.8k NOK (+778.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +80.4k NOK → +59.7k NOK (op. margin 15.8% → 7.6%). Calculated
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↓
Net result weakened
Net result +76.0k NOK → +46.5k NOK (net margin 15.0% → 6.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4 NOK → 3.40m NOK (0% → 436% of revenue). Calculated