70 GRADER N TRANSPORT AS: årsregnskap 2021 vs 2020
Grew 25% on revenue, returned to profit
approved 2022-04-05; registry 2022-07-18; journal 2022 734840
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 70 GRADER N TRANSPORT AS. Revenue 2.43m NOK → 3.03m NOK (+24.7%). Net result -84.8k NOK → +119.0k NOK. Equity 465.9k NOK → 584.9k 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 70 GRADER N TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.43m NOK to 3.03m NOK (+24.7% YoY). Calculated
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Operating result improved
Operating result -107.9k NOK → +152.6k NOK (op. margin -4.4% → 5.0%). Calculated
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Turned profitable
Net result flipped from a loss of 84.8k NOK to a profit of 119.0k NOK. Calculated
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Equity strengthened
Book equity 465.9k NOK → 584.9k NOK (equity ratio 73.9% → 76.0%). Calculated
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Cash rose
Bank deposits 406.6k NOK → 515.0k NOK (+26.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 582.8k NOK → 603.8k NOK (24% → 20% of revenue). Calculated
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COGS moved
COGS / varekostnad 301.7k NOK → 338.6k NOK (+12.2% YoY). Calculated