A B ARCTIC AS: årsregnskap 2021 vs 2020
Grew 30% on revenue, weaker earnings
approved 2022-06-30; registry 2022-08-02; journal 2022 853482
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A B ARCTIC AS. Revenue 2.81m NOK → 3.66m NOK (+30.1%). Net result +969.7k NOK → +154.8k NOK. Equity -654.2k NOK → -499.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A B ARCTIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.81m NOK to 3.66m NOK (+30.1% YoY). Calculated
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↑
Equity strengthened
Book equity -654.2k NOK → -499.3k NOK (equity ratio -66.5% → -27.5%). Calculated
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↑
Cash rose
Bank deposits 379.3k NOK → 697.4k NOK (+83.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.62m NOK → 789.9k NOK (93% → 22% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +973.5k NOK → +153.4k NOK (op. margin 34.6% → 4.2%). Calculated
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↓
Net result weakened
Net result +969.7k NOK → +154.8k NOK (net margin 34.4% → 4.2%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 241.0k NOK → 386.8k NOK (+60.5% YoY). Calculated