FirmaIQ
Org.nr 916 591 144 2020 → 2021 Year-over-year analysis

A/S SØRENSEN OG BALCHEN: årsregnskap 2021 vs 2020

Grew 9% on revenue

approved 2022-04-05; registry 2022-06-13; journal 2022 390897

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A/S SØRENSEN OG BALCHEN. Revenue 529.71m NOK → 577.35m NOK (+9.0%). Net result +124.10m NOK → +134.48m NOK. Equity 303.46m NOK → 300.30m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.

At a glance

Scorecard

Revenue
529.71m NOK 577.35m NOK
+9.0%
Operating result
+126.23m NOK +140.78m NOK
+11.5%
Net result
+124.10m NOK +134.48m NOK
+8.4%
Equity
303.46m NOK 300.30m NOK
-1.0%
Cash
2.73m NOK 2.86m NOK
+4.7%
Total assets
513.29m NOK 554.72m NOK
+8.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 529.71m NOK to 577.35m NOK (+9.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +126.23m NOK → +140.78m NOK (op. margin 23.8% → 24.4%). Calculated

  • ↑

    Net result improved

    Net result +124.10m NOK → +134.48m NOK (net margin 23.4% → 23.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.73m NOK → 2.86m NOK (+4.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 303.46m NOK → 300.30m NOK (equity ratio 59.1% → 54.1%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 281.77m NOK → 299.90m NOK (+6.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 13.1k NOK → 13 NOK. Reported fact