A DEVELOPMENT AS: årsregnskap 2021 vs 2020
Grew 57808% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-23; journal 2022 689180
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A DEVELOPMENT AS. Revenue 11.5k NOK → 6.66m NOK (+57807.8%). Net result +1 302 NOK → +866.9k NOK. Equity 681.4k NOK → 110.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.5k NOK to 6.66m NOK (+57807.8% YoY). Calculated
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↑
Operating result improved
Operating result +1 830 NOK → +1.14m NOK (op. margin 15.9% → 17.2%). Calculated
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Net result improved
Net result +1 302 NOK → +866.9k NOK (net margin 11.3% → 13.0%). Calculated
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↑
Cash rose
Bank deposits 1 753 NOK → 66.3k NOK (+3682.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 681.4k NOK → 110.3k NOK (equity ratio 38.7% → 3.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 9 645 NOK → 5.45m NOK (+56380.9% YoY). Calculated