FirmaIQ
Org.nr 879 946 492 2020 → 2021 Year-over-year analysis

A C SMITH & CO AS: årsregnskap 2021 vs 2020

Shrank 31% on revenue, stronger earnings

registry 2022-07-14; journal 2022 644808

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A C SMITH & CO AS. Revenue 62.02m NOK → 42.83m NOK (-30.9%). Net result +799.9k NOK → +2.46m NOK. Equity 11.52m NOK → 13.98m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for A C SMITH & CO AS.

At a glance

Scorecard

Revenue
62.02m NOK 42.83m NOK
-30.9%
Operating result
+701.7k NOK +3.03m NOK
+332.4%
Net result
+799.9k NOK +2.46m NOK
+207.2%
Equity
11.52m NOK 13.98m NOK
+21.3%
Cash
3.13m NOK 9.82m NOK
+213.4%
Total assets
21.41m NOK 19.20m NOK
-10.3%

What improved

  • ↑

    Operating result improved

    Operating result +701.7k NOK → +3.03m NOK (op. margin 1.1% → 7.1%). Calculated

  • ↑

    Net result improved

    Net result +799.9k NOK → +2.46m NOK (net margin 1.3% → 5.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 11.52m NOK → 13.98m NOK (equity ratio 53.8% → 72.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.13m NOK → 9.82m NOK (+213.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 17.05m NOK → 16.63m NOK (27% → 39% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 62.02m NOK to 42.83m NOK (-30.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 31.38m NOK → 19.34m NOK (-38.3% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 23.5 → 23. Reported fact