A. HØVIK EIENDOM AS: årsregnskap 2021 vs 2020
Grew 9% on revenue, stronger earnings
approved 2022-04-07; registry 2022-07-25; journal 2022 707192
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. HØVIK EIENDOM AS. Revenue 8.56m NOK → 9.35m NOK (+9.2%). Net result +158.4k NOK → +303.1k NOK. Equity 12.18m NOK → 12.25m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.56m NOK to 9.35m NOK (+9.2% YoY). Calculated
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Net result improved
Net result +158.4k NOK → +303.1k NOK (net margin 1.9% → 3.2%). Calculated
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Equity strengthened
Book equity 12.18m NOK → 12.25m NOK. Calculated
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Cash rose
Bank deposits 860.3k NOK → 921.1k NOK (+7.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.24× → 1.08×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.50m NOK → +1.41m NOK (op. margin 29.2% → 15.0%). Calculated
Things to notice
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Payroll increased
Salary cost 2.50m NOK → 2.77m NOK (29% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 116.0k NOK → 126.1k NOK (+8.7% YoY). Calculated
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Book investments changed
Investment / intangible book value -1 877 NOK → 56.2k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 3 → 5. Reported fact