Org.nr 960 894 022 2020 → 2021 Year-over-year analysis

A PEDERSEN & SØNN AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-06-30; registry 2022-08-18; journal 2022 882955

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A PEDERSEN & SØNN AS. Revenue 18.51m NOK → 18.91m NOK (+2.2%). Net result +7.40m NOK → +1.96m NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A PEDERSEN & SØNN AS.

At a glance

Revenue

18.51m NOK 18.91m NOK

+2.2%

Operating result

+5.82m NOK +6.92m NOK

+18.9%

Net result

+7.40m NOK +1.96m NOK

-73.5%

Equity

n/m 16.72m NOK

—

Cash

2 820 NOK 460 NOK

-83.7%

Total assets

61.65m NOK 60.78m NOK

-1.4%

↑
Revenue rose

Operating income / revenue moved from 18.51m NOK to 18.91m NOK (+2.2% YoY). Calculated
↑
Operating result improved

Operating result +5.82m NOK → +6.92m NOK (op. margin 31.4% → 36.6%). Calculated
↑
Payroll decreased

Salary cost 19.4k NOK → 1 476 NOK (0% → 0% of revenue). Calculated

↓
Net result weakened

Net result +7.40m NOK → +1.96m NOK (net margin 40.0% → 10.4%). Calculated
↓
Cash fell

Bank deposits 2 820 NOK → 460 NOK (-83.7% YoY). Calculated

·
Book investments changed

Investment / intangible book value 331.2k NOK → 7.21m NOK. Reported fact