A&O IT SERVICES NORWAY AS: årsregnskap 2021 vs 2020
Grew 161% on revenue, returned to profit
approved 2022-08-25; registry 2022-09-10; journal 2022 922769
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A&O IT SERVICES NORWAY AS. Revenue 1.15m NOK → 3.00m NOK (+160.9%). Net result -25.7k NOK → +70.0k NOK. Equity -2 266 NOK → 67.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A&O IT SERVICES NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.15m NOK to 3.00m NOK (+160.9% YoY). Calculated
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Operating result improved
Operating result -34.8k NOK → +89.7k NOK (op. margin -3.0% → 3.0%). Calculated
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Turned profitable
Net result flipped from a loss of 25.7k NOK to a profit of 70.0k NOK. Calculated
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Equity strengthened
Book equity -2 266 NOK → 67.7k NOK (equity ratio -0.2% → 5.3%). Calculated
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Cash rose
Bank deposits 63.3k NOK → 110.1k NOK (+73.9% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1 NOK → 2.78m NOK (0% → 93% of revenue). Calculated