A. ÅRDAL AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, returned to profit, cash halved-plus
approved 2022-05-04; registry 2022-06-21; journal 2022 476351
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. ÅRDAL AS. Revenue 2.22m NOK → 2.79m NOK (+25.6%). Net result -297.1k NOK → +270.6k NOK. Equity 3.59m NOK → 3.86m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A. ÅRDAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.22m NOK to 2.79m NOK (+25.6% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 297.1k NOK to a profit of 270.6k NOK. Calculated
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↑
Equity strengthened
Book equity 3.59m NOK → 3.86m NOK (equity ratio 13.4% → 10.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +415.2k NOK → +29.4k NOK (op. margin 18.7% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 673.4k NOK → 123.9k NOK (-81.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.13× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 173 NOK → 1.10m NOK (0% → 39% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 16.04m NOK → 24.72m NOK. Reported fact