A VENTILASJON AS: årsregnskap 2021 vs 2020
Grew 33% on revenue, cash halved-plus
approved 2022-03-23; registry 2022-03-26; journal 2022 167234
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A VENTILASJON AS. Revenue 4.38m NOK → 5.81m NOK (+32.5%). Net result +561.7k NOK → +595.4k NOK. Equity 11.83m NOK → 228.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A VENTILASJON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.38m NOK to 5.81m NOK (+32.5% YoY). Calculated
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↑
Operating result improved
Operating result +820.6k NOK → +841.4k NOK (op. margin 18.7% → 14.5%). Calculated
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Net result improved
Net result +561.7k NOK → +595.4k NOK (net margin 12.8% → 10.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.83m NOK → 228.0k NOK (equity ratio 286.0% → 6.6%). Calculated
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↓
Cash fell
Bank deposits 808.5k NOK → 297.4k NOK (-63.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 992.9k NOK → 1.10m NOK (23% → 19% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.12m NOK → 3.17m NOK (+49.7% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1.5 → 1.4. Reported fact