A ULVESETH AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-03-02; registry 2022-03-21; journal 2022 152673
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A ULVESETH AS. Revenue 3.13m NOK → 3.04m NOK (-2.9%). Net result +581.7k NOK → +219.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
3.13m NOK
3.04m NOK
-2.9%
Operating result
+871.8k NOK
+509.9k NOK
-41.5%
Net result
+581.7k NOK
+219.9k NOK
-62.2%
What improved
-
↑
Payroll decreased
Salary cost 1.41m NOK → 1.12m NOK (45% → 37% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.13m NOK to 3.04m NOK (-2.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +871.8k NOK → +509.9k NOK (op. margin 27.9% → 16.8%). Calculated
-
↓
Net result weakened
Net result +581.7k NOK → +219.9k NOK (net margin 18.6% → 7.2%). Calculated