A/S Edvardsen Eiendom: årsregnskap 2021 vs 2020
Grew 1706% on revenue, cash halved-plus
approved 2022-03-16; registry 2022-04-02; journal 2022 180751
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S Edvardsen Eiendom. Revenue 46.4k NOK → 838.5k NOK (+1706.5%). Net result +195.7k NOK → +232.2k NOK. Equity 4.83m NOK → 4.77m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 46.4k NOK to 838.5k NOK (+1706.5% YoY). Calculated
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↑
Operating result improved
Operating result +323.3k NOK → +367.7k NOK (op. margin 696.5% → 43.8%). Calculated
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↑
Net result improved
Net result +195.7k NOK → +232.2k NOK (net margin 421.6% → 27.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.83m NOK → 4.77m NOK (equity ratio 56.6% → 93.5%). Calculated
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↓
Cash fell
Bank deposits 1.47m NOK → 256.0k NOK (-82.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.47m NOK → 256.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.14m NOK → 2 141 NOK. Reported fact