61N SJUSJØEN AS: årsregnskap 2021 vs 2020
Grew 21% on revenue
approved 2022-03-02; registry 2022-05-02; journal 2022 242861
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 61N SJUSJØEN AS. Revenue 1.11m NOK → 1.35m NOK (+20.7%). Net result -231.4k NOK → -188.0k NOK. Equity -493.5k NOK → -681.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 61N SJUSJØEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.11m NOK to 1.35m NOK (+20.7% YoY). Calculated
-
↑
Operating result improved
Operating result -214.9k NOK → -100.3k NOK (op. margin -19.3% → -7.5%). Calculated
-
↑
Net result improved
Net result -231.4k NOK → -188.0k NOK (net margin -20.8% → -14.0%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -493.5k NOK → -681.5k NOK (equity ratio -9.4% → -13.2%). Calculated
-
↓
Cash fell
Bank deposits 539.5k NOK → 327.1k NOK (-39.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -13.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2 NOK → 854.9k NOK (0% → 64% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 48.3k NOK → 118.6k NOK (+145.8% YoY). Calculated