Org.nr 914 929 849 2020 → 2021 Year-over-year analysis

A.O. EIDE MASKINENTREPRENØR AS: årsregnskap 2021 vs 2020

Weaker earnings

approved 2022-06-20; registry 2022-06-23; journal 2022 490230

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A.O. EIDE MASKINENTREPRENØR AS. Revenue 6.53m NOK → 6.43m NOK (-1.7%). Net result +3.93m NOK → +402.0k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A.O. EIDE MASKINENTREPRENØR AS.

At a glance

Revenue

6.53m NOK 6.43m NOK

-1.7%

Operating result

+1.20m NOK +521.3k NOK

-56.5%

Net result

+3.93m NOK +402.0k NOK

-89.8%

Equity

n/m 2.95m NOK

—

Cash

393.6k NOK 1.13m NOK

+187.9%

Total assets

3.94m NOK 3.89m NOK

-1.4%

↓
Revenue fell

Operating income / revenue moved from 6.53m NOK to 6.43m NOK (-1.7% YoY). Calculated
↓
Operating result weakened

Operating result +1.20m NOK → +521.3k NOK (op. margin 18.3% → 8.1%). Calculated
↓
Net result weakened

Net result +3.93m NOK → +402.0k NOK (net margin 60.1% → 6.3%). Calculated
↓
Payroll up without matching revenue

Salary cost 2.38m NOK → 2.55m NOK (36% → 40% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 603.5k NOK → 620.7k NOK (+2.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 185.4k NOK → 123.7k NOK. Reported fact