A&B ELEKTRO INSTALLASJON AS: årsregnskap 2021 vs 2020
Grew 115% on revenue, stronger earnings, cash halved-plus
registry 2022-07-27; journal 2022 802246
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A&B ELEKTRO INSTALLASJON AS. Revenue 844.2k NOK → 1.81m NOK (+114.7%). Net result +560.5k NOK → +953.8k NOK. Equity 12.69m NOK → 644.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 844.2k NOK to 1.81m NOK (+114.7% YoY). Calculated
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↑
Operating result improved
Operating result +560.4k NOK → +952.8k NOK (op. margin 66.4% → 52.6%). Calculated
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↑
Net result improved
Net result +560.5k NOK → +953.8k NOK (net margin 66.4% → 52.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.69m NOK → 644.4k NOK (equity ratio 1392.4% → 78.0%). Calculated
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↓
Cash fell
Bank deposits 654.1k NOK → 1 133 NOK (-99.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.17m NOK → 3.82m NOK (139% → 211% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 13.4k NOK → 539 NOK (-96.0% YoY). Calculated