7 FJELL BIL VEST AS: årsregnskap 2021 vs 2020
Grew 1057% on revenue, returned to profit
approved 2022-05-05; registry 2022-05-09; journal 2022 268940
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7 FJELL BIL VEST AS. Revenue 1.41m NOK → 16.34m NOK (+1057.2%). Net result -79.0k NOK → +756.7k NOK. Equity 1.42m NOK → 2.17m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7 FJELL BIL VEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.41m NOK to 16.34m NOK (+1057.2% YoY). Calculated
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Operating result improved
Operating result -79.0k NOK → +949.0k NOK (op. margin -5.6% → 5.8%). Calculated
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Turned profitable
Net result flipped from a loss of 79.0k NOK to a profit of 756.7k NOK. Calculated
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Equity strengthened
Book equity 1.42m NOK → 2.17m NOK (equity ratio 94.9% → 62.3%). Calculated
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Cash rose
Bank deposits 341.5k NOK → 357.8k NOK (+4.8% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2 151 NOK → 1.71m NOK (0% → 10% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 235 NOK → 13.14m NOK (+1063803.3% YoY). Calculated