FirmaIQ
Org.nr 982 057 892 2020 → 2021 Year-over-year analysis

99X INCREO AS: årsregnskap 2021 vs 2020

Grew 44% on revenue, stronger earnings

approved 2022-05-30; registry 2022-06-14; journal 2022 423324

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 99X INCREO AS. Revenue 24.25m NOK → 34.98m NOK (+44.3%). Net result +755.2k NOK → +1.13m NOK. Equity 3.04m NOK → 4.17m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 99X INCREO AS.

At a glance

Scorecard

Revenue
24.25m NOK 34.98m NOK
+44.3%
Operating result
+1.22m NOK +1.70m NOK
+39.7%
Net result
+755.2k NOK +1.13m NOK
+49.4%
Equity
3.04m NOK 4.17m NOK
+37.1%
Cash
9.45m NOK 9.84m NOK
+4.2%
Total assets
15.57m NOK 18.44m NOK
+18.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 24.25m NOK to 34.98m NOK (+44.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.22m NOK → +1.70m NOK (op. margin 5.0% → 4.9%). Calculated

  • ↑

    Net result improved

    Net result +755.2k NOK → +1.13m NOK (net margin 3.1% → 3.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.04m NOK → 4.17m NOK (equity ratio 19.5% → 22.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 9.45m NOK → 9.84m NOK (+4.2% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 17.17m NOK → 24.55m NOK (71% → 70% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.73m NOK → 1.77m NOK (+2.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.70m NOK → 15.0k NOK. Reported fact