A G KJØSTVEDT AS: årsregnskap 2021 vs 2020
Shrank 12% on revenue, weaker earnings, cash halved-plus
registry 2022-05-11; journal 2022 278908
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A G KJØSTVEDT AS. Revenue 4.79m NOK → 4.23m NOK (-11.7%). Net result -235.6k NOK → -302.7k NOK. Equity 1.14m NOK → 839.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.12m NOK → 1.63m NOK (44% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.79m NOK to 4.23m NOK (-11.7% YoY). Calculated
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↓
Operating result weakened
Operating result -216.4k NOK → -295.2k NOK (op. margin -4.5% → -7.0%). Calculated
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↓
Net result weakened
Net result -235.6k NOK → -302.7k NOK (net margin -4.9% → -7.2%). Calculated
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↓
Equity eroded
Book equity 1.14m NOK → 839.7k NOK (equity ratio 31.4% → 23.5%). Calculated
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↓
Cash fell
Bank deposits 972.3k NOK → 222.7k NOK (-77.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.44m NOK → 1.21m NOK (-15.8% YoY). Calculated