A.J. DESIGN AS: årsregnskap 2021 vs 2020
Grew 72% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-08-02; journal 2022 842529
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A.J. DESIGN AS. Revenue 354.6k NOK → 609.2k NOK (+71.8%). Net result +56.1k NOK → +72.3k NOK. Equity 568.0k NOK → 391.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A.J. DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 354.6k NOK to 609.2k NOK (+71.8% YoY). Calculated
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Operating result improved
Operating result +88.1k NOK → +92.8k NOK (op. margin 24.9% → 15.2%). Calculated
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Net result improved
Net result +56.1k NOK → +72.3k NOK (net margin 15.8% → 11.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 568.0k NOK → 391.2k NOK (equity ratio 92.0% → 53.9%). Calculated
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↓
Cash fell
Bank deposits 390.5k NOK → 10.8k NOK (-97.2% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 177.8k NOK → 394.7k NOK (50% → 65% of revenue). Calculated