A/S SCAN AFRICAN: årsregnskap 2021 vs 2020
Shrank 22% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-14; journal 2022 711066
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S SCAN AFRICAN. Revenue 508.4k NOK → 399.1k NOK (-21.5%). Net result -457.7k NOK → -279.7k NOK. Equity 6.33m NOK → 6.05m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -416.5k NOK → -261.4k NOK (op. margin -81.9% → -65.5%). Calculated
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Net result improved
Net result -457.7k NOK → -279.7k NOK (net margin -90.0% → -70.1%). Calculated
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Payroll decreased
Salary cost 546.0k NOK → 369.1k NOK (107% → 92% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 508.4k NOK to 399.1k NOK (-21.5% YoY). Calculated
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Equity eroded
Book equity 6.33m NOK → 6.05m NOK (equity ratio 65.8% → 66.7%). Calculated
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Cash fell
Bank deposits 2.46m NOK → 2.28m NOK (-7.2% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 21.9k NOK → 943 NOK (-95.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 511 NOK → 41.0k NOK. Reported fact