A. MIDTBØEN ELEKTRO AS: årsregnskap 2021 vs 2020
Grew 43% on revenue, stronger earnings
approved 2022-07-05; registry 2022-07-23; journal 2022 690128
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. MIDTBØEN ELEKTRO AS. Revenue 2.23m NOK → 3.18m NOK (+42.6%). Net result +213.6k NOK → +327.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A. MIDTBØEN ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.23m NOK to 3.18m NOK (+42.6% YoY). Calculated
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Operating result improved
Operating result +245.7k NOK → +408.6k NOK (op. margin 11.0% → 12.8%). Calculated
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Net result improved
Net result +213.6k NOK → +327.4k NOK (net margin 9.6% → 10.3%). Calculated
Things to notice
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Payroll increased
Salary cost 1.05m NOK → 1.22m NOK (47% → 38% of revenue). Calculated
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COGS fell
COGS / varekostnad 619.9k NOK → 1 128 NOK (-99.8% YoY). Calculated