A SVELA MASKIN AS: årsregnskap 2021 vs 2020
Shrank 9% on revenue, stronger earnings, cash halved-plus
approved 2022-04-07; registry 2022-05-14; journal 2022 230882
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A SVELA MASKIN AS. Revenue 7.51m NOK → 6.87m NOK (-8.5%). Net result +182.3k NOK → +363.8k NOK. Equity 922.8k NOK → 286.6k 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. All figures are taken from the published annual accounts for A SVELA MASKIN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +243.6k NOK → +469.0k NOK (op. margin 3.2% → 6.8%). Calculated
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Net result improved
Net result +182.3k NOK → +363.8k NOK (net margin 2.4% → 5.3%). Calculated
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Payroll decreased
Salary cost 1.40m NOK → 1.33m NOK (19% → 19% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.51m NOK to 6.87m NOK (-8.5% YoY). Calculated
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Equity eroded
Book equity 922.8k NOK → 286.6k NOK (equity ratio 49.4% → 13.1%). Calculated
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Cash fell
Bank deposits 422.0k NOK → 102.3k NOK (-75.7% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.92m NOK → 2.44m NOK (-16.5% YoY). Calculated