A.J. FISHING NORWAY AS: årsregnskap 2021 vs 2020
Shrank 40% on revenue, stronger earnings, cash halved-plus
approved 2022-07-25; registry 2022-08-01; journal 2022 828569
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A.J. FISHING NORWAY AS. Revenue 377.2k NOK → 227.8k NOK (-39.6%). Net result +47.1k NOK → +103.1k NOK. Equity 4.10m NOK → 205.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +21.8k NOK → +136.0k NOK (op. margin 5.8% → 59.7%). Calculated
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Net result improved
Net result +47.1k NOK → +103.1k NOK (net margin 12.5% → 45.3%). Calculated
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Payroll decreased
Salary cost 338.6k NOK → 76.7k NOK (90% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 377.2k NOK to 227.8k NOK (-39.6% YoY). Calculated
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↓
Equity eroded
Book equity 4.10m NOK → 205.2k NOK (equity ratio 2295.6% → 87.1%). Calculated
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↓
Cash fell
Bank deposits 807.2k NOK → 61.8k NOK (-92.3% YoY). Calculated