A O GREVSTAD EIENDOM AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, weaker earnings
approved 2022-07-01; registry 2022-07-13; journal 2022 634201
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A O GREVSTAD EIENDOM AS. Revenue 23.17m NOK → 16.62m NOK (-28.3%). Net result +49.68m NOK → +22.60m NOK. Equity 68.02m NOK → 90.17m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +185.4k NOK → +728.4k NOK (op. margin 0.8% → 4.4%). Calculated
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Equity strengthened
Book equity 68.02m NOK → 90.17m NOK (equity ratio 23.9% → 48.4%). Calculated
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Cash rose
Bank deposits 3.34m NOK → 5.61m NOK (+68.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.87× → 1.49×. Calculated
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Payroll decreased
Salary cost 3.50m NOK → 3.40m NOK (15% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.17m NOK to 16.62m NOK (-28.3% YoY). Calculated
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Net result weakened
Net result +49.68m NOK → +22.60m NOK (net margin 214.4% → 136.0%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 357.6k NOK → 356.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 10.5k NOK → 10 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 3. Reported fact