A OLSEN & SØNN AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-03-08; registry 2022-03-31; journal 2022 178891
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A OLSEN & SØNN AS. Revenue 4.48m NOK → 4.55m NOK (+1.6%). Net result +997.7k NOK → +621.3k NOK. Equity 1.93m NOK → 2.25m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A OLSEN & SØNN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.48m NOK to 4.55m NOK (+1.6% YoY). Calculated
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↑
Operating result improved
Operating result +358.1k NOK → +865.0k NOK (op. margin 8.0% → 19.0%). Calculated
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↑
Equity strengthened
Book equity 1.93m NOK → 2.25m NOK (equity ratio 38.1% → 42.2%). Calculated
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↑
Cash rose
Bank deposits 77.7k NOK → 1.38m NOK (+1677.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +997.7k NOK → +621.3k NOK (net margin 22.3% → 13.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.47m NOK → 1.67m NOK (33% → 37% of revenue). Calculated