7 FJELL EIENDOMSSERVICE AS: årsregnskap 2021 vs 2020
Grew 48% on revenue, stronger earnings
approved 2022-06-29; registry 2022-07-02; journal 2022 585236
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7 FJELL EIENDOMSSERVICE AS. Revenue 4.46m NOK → 6.61m NOK (+48.1%). Net result +212.9k NOK → +466.4k NOK. Equity 273.0k NOK → 139.5k 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: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 7 FJELL EIENDOMSSERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.46m NOK to 6.61m NOK (+48.1% YoY). Calculated
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Operating result improved
Operating result +290.9k NOK → +610.6k NOK (op. margin 6.5% → 9.2%). Calculated
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Net result improved
Net result +212.9k NOK → +466.4k NOK (net margin 4.8% → 7.1%). Calculated
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Cash rose
Bank deposits 388.5k NOK → 643.5k NOK (+65.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 273.0k NOK → 139.5k NOK (equity ratio 21.0% → 5.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.34× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.66m NOK → 2.26m NOK (37% → 34% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.60m NOK → 2.55m NOK (+59.8% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact