62 NORD AS: årsregnskap 2021 vs 2020
Grew 38% on revenue, weaker earnings
approved 2022-06-17; registry 2022-07-05; journal 2022 560494
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 62 NORD AS. Revenue 21.20m NOK → 29.33m NOK (+38.3%). Net result -3.38m NOK → -4.67m NOK. Equity 23.58m NOK → 27.49m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 62 NORD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.20m NOK to 29.33m NOK (+38.3% YoY). Calculated
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↑
Equity strengthened
Book equity 23.58m NOK → 27.49m NOK (equity ratio 61.3% → 61.7%). Calculated
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Cash rose
Bank deposits 537.6k NOK → 553.0k NOK (+2.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 2.19×. Calculated
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Owners injected capital
Paid-in equity rose 25.03m NOK → 27.49m NOK (+2.46m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -3.98m NOK → -5.85m NOK (op. margin -18.8% → -19.9%). Calculated
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↓
Net result weakened
Net result -3.38m NOK → -4.67m NOK (net margin -15.9% → -15.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 12.04m NOK → 14.30m NOK (57% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.69m NOK → 5.40m NOK (+219.1% YoY). Calculated