A/S SørMek: årsregnskap 2021 vs 2020
Grew 77% on revenue, stronger earnings, cash halved-plus
approved 2022-05-18; registry 2022-08-09; journal 2022 821094
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A/S SørMek. Revenue 36.39m NOK → 64.38m NOK (+76.9%). Net result +3.25m NOK → +5.05m NOK. Equity 11.55m NOK → 6.65m 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; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 36.39m NOK to 64.38m NOK (+76.9% YoY). Calculated
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↑
Operating result improved
Operating result +4.35m NOK → +6.64m NOK (op. margin 11.9% → 10.3%). Calculated
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Net result improved
Net result +3.25m NOK → +5.05m NOK (net margin 8.9% → 7.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.55m NOK → 6.65m NOK (equity ratio 53.2% → 20.6%). Calculated
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↓
Cash fell
Bank deposits 1.15m NOK → 395.4k NOK (-65.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.15m NOK → 395.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 72.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 145.3k NOK → 1 145 NOK. Reported fact