59 EIENDOM AS: årsregnskap 2021 vs 2020
Shrank 36% on revenue, weaker earnings, cash halved-plus
approved 2022-09-07; registry 2022-09-14; journal 2022 925053
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 59 EIENDOM AS. Revenue 384.7k NOK → 244.4k NOK (-36.5%). Net result +64.9k NOK → +9 183 NOK. Equity 35.0k NOK → 44.2k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 59 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 35.0k NOK → 44.2k NOK (equity ratio 22.3% → 63.5%). Calculated
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↑
Payroll decreased
Salary cost 231.9k NOK → 4 NOK (60% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 384.7k NOK to 244.4k NOK (-36.5% YoY). Calculated
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↓
Operating result weakened
Operating result +68.1k NOK → +12.3k NOK (op. margin 17.7% → 5.0%). Calculated
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↓
Net result weakened
Net result +64.9k NOK → +9 183 NOK (net margin 16.9% → 3.8%). Calculated
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↓
Cash fell
Bank deposits 35.4k NOK → 6 672 NOK (-81.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 21.9k NOK → 10.4k NOK (-52.6% YoY). Calculated