A. ØRSTAVIK AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, weaker earnings
approved 2022-03-18; registry 2022-03-23; journal 2022 160505
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A. ØRSTAVIK AS. Revenue 615.9k NOK → 442.3k NOK (-28.2%). Net result -16.2k NOK → -65.6k NOK. Equity 137.6k NOK → 72.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 12.7k NOK → 34.9k NOK (+175.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 615.9k NOK to 442.3k NOK (-28.2% YoY). Calculated
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↓
Operating result weakened
Operating result -9 566 NOK → -59.4k NOK (op. margin -1.6% → -13.4%). Calculated
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↓
Net result weakened
Net result -16.2k NOK → -65.6k NOK (net margin -2.6% → -14.8%). Calculated
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↓
Equity eroded
Book equity 137.6k NOK → 72.0k NOK (equity ratio 20.0% → 12.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 535.6k NOK → 421.8k NOK (-21.2% YoY). Calculated