A&B RENHOLD AS: årsregnskap 2021 vs 2020
Grew 22% on revenue, weaker earnings
approved 2022-05-31; registry 2022-07-12; journal 2022 684610
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A&B RENHOLD AS. Revenue 1.94m NOK → 2.37m NOK (+22.1%). Net result +445.4k NOK → +112.3k NOK. Equity 94.7k NOK → 67.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A&B RENHOLD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.94m NOK to 2.37m NOK (+22.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +569.0k NOK → +161.5k NOK (op. margin 29.4% → 6.8%). Calculated
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↓
Net result weakened
Net result +445.4k NOK → +112.3k NOK (net margin 23.0% → 4.7%). Calculated
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↓
Equity eroded
Book equity 94.7k NOK → 67.0k NOK (equity ratio 84.8% → 6.5%). Calculated
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↓
Cash fell
Bank deposits 736.3k NOK → 716.3k NOK (-2.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.06m NOK → 2.03m NOK (55% → 86% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 24.5k NOK → 15.2k NOK (-38.2% YoY). Calculated