A GREAT IDEA AS: årsregnskap 2021 vs 2020
Shrank 31% on revenue, stronger earnings, fresh owner capital
approved 2022-04-25; registry 2022-06-11; journal 2022 341302
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A GREAT IDEA AS. Revenue 16.72m NOK → 11.56m NOK (-30.9%). Net result +447.8k NOK → +18.93m NOK. Equity 8.53m NOK → 7.56m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A GREAT IDEA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +290.0k NOK → +662.3k NOK (op. margin 1.7% → 5.7%). Calculated
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Net result improved
Net result +447.8k NOK → +18.93m NOK (net margin 2.7% → 163.7%). Calculated
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Cash rose
Bank deposits 18.1k NOK → 1.81m NOK (+9906.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.18m NOK → 6.99m NOK (+5.81m NOK). Reported fact
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Payroll decreased
Salary cost 2.07m NOK → 4 031 NOK (12% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 16.72m NOK to 11.56m NOK (-30.9% YoY). Calculated
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Equity eroded
Book equity 8.53m NOK → 7.56m NOK (equity ratio 42.4% → 49.3%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 11.61m NOK → 8.96m NOK (-22.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.69m NOK → 844.9k NOK. Reported fact