8 RENOVERING AS: årsregnskap 2021 vs 2020
Grew 204727% on revenue, weaker earnings
approved 2022-02-07; registry 2022-02-16; journal 2022 117048
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 8 RENOVERING AS. Revenue 1 726 NOK → 3.54m NOK (+204727.1%). Net result -101.6k NOK → -138.9k NOK. Equity -71.6k NOK → -210.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 8 RENOVERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 726 NOK to 3.54m NOK (+204727.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -101.6k NOK → -137.7k NOK (op. margin -5883.8% → -3.9%). Calculated
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↓
Net result weakened
Net result -101.6k NOK → -138.9k NOK (net margin -5883.8% → -3.9%). Calculated
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↓
Equity eroded
Book equity -71.6k NOK → -210.5k NOK (equity ratio -42.1% → -177.9%). Calculated
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↓
Cash fell
Bank deposits 64.2k NOK → 41.0k NOK (-36.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -177.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 006 NOK → 4.73m NOK (58% → 134% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 532.4k NOK → 232.8k NOK (-56.3% YoY). Calculated