60 GRADER NORD KIROPRAKTIKK AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, stronger earnings
approved 2022-07-06; registry 2022-08-30; journal 2022 908951
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 60 GRADER NORD KIROPRAKTIKK AS. Revenue 10.25m NOK → 12.13m NOK (+18.3%). Net result +324.2k NOK → +392.3k NOK. Equity 462.4k NOK → 233.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 60 GRADER NORD KIROPRAKTIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.25m NOK to 12.13m NOK (+18.3% YoY). Calculated
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Operating result improved
Operating result +430.4k NOK → +513.9k NOK (op. margin 4.2% → 4.2%). Calculated
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Net result improved
Net result +324.2k NOK → +392.3k NOK (net margin 3.2% → 3.2%). Calculated
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Cash rose
Bank deposits 515.7k NOK → 884.4k NOK (+71.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 462.4k NOK → 233.6k NOK (equity ratio 43.8% → 18.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.94× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 589.9k NOK → 690.2k NOK (6% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.32m NOK → 8.76m NOK (+19.7% YoY). Calculated