A+G DESIGN AS: årsregnskap 2021 vs 2020
Grew 85% on revenue, weaker earnings
registry 2022-05-10; journal 2022 276483
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A+G DESIGN AS. Revenue 3 100 NOK → 5 720 NOK (+84.5%). Net result -19.5k NOK → -86.2k NOK. Equity -172.4k NOK → -258.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A+G DESIGN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3 100 NOK to 5 720 NOK (+84.5% YoY). Calculated
-
↑
Cash rose
Bank deposits 2 073 NOK → 15.3k NOK (+638.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio -14.01× → 18.75×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -19.5k NOK → -86.2k NOK (op. margin -629.2% → -1506.6%). Calculated
-
↓
Net result weakened
Net result -19.5k NOK → -86.2k NOK (net margin -629.4% → -1506.6%). Calculated
-
↓
Equity eroded
Book equity -172.4k NOK → -258.6k NOK (equity ratio -632.9% → -687.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -687.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 1 771 NOK → 42.3k NOK (+2288.3% YoY). Calculated