A. OLUFSEN SHIP & OFFSHORE AS: årsregnskap 2021 vs 2020
Grew 6% on revenue, returned to profit
approved 2022-07-28; registry 2022-08-18; journal 2022 884969
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. OLUFSEN SHIP & OFFSHORE AS. Revenue 46.79m NOK → 49.68m NOK (+6.2%). Net result -3.63m NOK → +1.90m NOK. Equity 3.28m NOK → 5.18m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A. OLUFSEN SHIP & OFFSHORE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 46.79m NOK to 49.68m NOK (+6.2% YoY). Calculated
-
↑
Operating result improved
Operating result -3.58m NOK → +1.98m NOK (op. margin -7.6% → 4.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 3.63m NOK to a profit of 1.90m NOK. Calculated
-
↑
Equity strengthened
Book equity 3.28m NOK → 5.18m NOK (equity ratio 18.8% → 36.4%). Calculated
-
↑
Payroll decreased
Salary cost 28.48m NOK → 24.08m NOK (61% → 48% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 2.36m NOK → 1.96m NOK (-16.9% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 13.12m NOK → 14.87m NOK (+13.3% YoY). Calculated