A B MATTESERVICE AS: årsregnskap 2021 vs 2020
Grew 12% on revenue, slipped into loss
registry 2022-05-31; journal 2022 300206
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A B MATTESERVICE AS. Revenue 9.89m NOK → 11.06m NOK (+11.9%). Net result +3 306 NOK → -1.08m NOK. Equity 1.05m NOK → -29.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A B MATTESERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 9.89m NOK to 11.06m NOK (+11.9% YoY). Calculated
-
↑
Cash rose
Bank deposits 367.9k NOK → 911.1k NOK (+147.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +24.6k NOK → -1.34m NOK (op. margin 0.2% → -12.1%). Calculated
-
↓
Fell into a net loss
Net result flipped from 3 306 NOK profit to a loss of 1.08m NOK. Calculated
-
↓
Equity eroded
Book equity 1.05m NOK → -29.6k NOK (equity ratio 15.8% → -0.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4.24m NOK → 4.75m NOK (43% → 43% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 11 NOK → 3.54m NOK (+32209709.1% YoY). Calculated