7 FJELL BIL VEST AS: årsregnskap 2022 vs 2021
Grew 17% on revenue, weaker earnings
approved 2023-05-16; registry 2023-05-31; journal 2023 413946
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 7 FJELL BIL VEST AS. Revenue 16.34m NOK → 19.14m NOK (+17.2%). Net result +756.7k NOK → +293.3k NOK. Equity 2.17m NOK → 2.47m 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 7 FJELL BIL VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.34m NOK to 19.14m NOK (+17.2% YoY). Calculated
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↑
Equity strengthened
Book equity 2.17m NOK → 2.47m NOK (equity ratio 62.3% → 53.5%). Calculated
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↑
Cash rose
Bank deposits 357.8k NOK → 812.8k NOK (+127.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +949.0k NOK → +376.4k NOK (op. margin 5.8% → 2.0%). Calculated
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↓
Net result weakened
Net result +756.7k NOK → +293.3k NOK (net margin 4.6% → 1.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.71m NOK → 2.25m NOK (10% → 12% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.14m NOK → 16.02m NOK (+21.9% YoY). Calculated