FirmaIQ
Org.nr 947 454 838 2020 → 2021 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2021 vs 2020

Weaker earnings

approved 2022-04-10; registry 2022-06-25; journal 2022 504219

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A/S Hørtefossen. Revenue 8.53m NOK → 8.30m NOK (-2.6%). Net result +1.33m NOK → +858.7k NOK. Equity 9.23m NOK → 10.09m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Scorecard

Revenue
8.53m NOK 8.30m NOK
-2.6%
Operating result
+1.69m NOK +1.08m NOK
-36.1%
Net result
+1.33m NOK +858.7k NOK
-35.4%
Equity
9.23m NOK 10.09m NOK
+9.3%
Cash
2.47m NOK 1.79m NOK
-27.7%
Total assets
11.20m NOK 12.22m NOK
+9.2%

What improved

  • ↑

    Equity strengthened

    Book equity 9.23m NOK → 10.09m NOK (equity ratio 82.4% → 82.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.04m NOK → 2.97m NOK (36% → 36% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.53m NOK to 8.30m NOK (-2.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.69m NOK → +1.08m NOK (op. margin 19.8% → 13.0%). Calculated

  • ↓

    Net result weakened

    Net result +1.33m NOK → +858.7k NOK (net margin 15.6% → 10.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.47m NOK → 1.79m NOK (-27.7% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 2.41m NOK → 2.76m NOK (+14.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5.67m NOK → 5.47m NOK. Reported fact