A1 PROPERTY AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, weaker earnings, fresh owner capital
registry 2022-07-11; journal 2022 618846
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for A1 PROPERTY AS. Revenue 4.11m NOK → 4.73m NOK (+15.3%). Net result +6.38m NOK → +1.12m NOK. Equity 1.26m NOK → 2.48m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A1 PROPERTY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.11m NOK to 4.73m NOK (+15.3% YoY). Calculated
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↑
Operating result improved
Operating result +2.45m NOK → +2.99m NOK (op. margin 59.7% → 63.2%). Calculated
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Equity strengthened
Book equity 1.26m NOK → 2.48m NOK. Calculated
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↑
Cash rose
Bank deposits 134.4k NOK → 560.7k NOK (+317.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.61× → 1.11×. Calculated
What deteriorated
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↓
Net result weakened
Net result +6.38m NOK → +1.12m NOK (net margin 155.3% → 23.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 218 NOK → 217.3k NOK (0% → 5% of revenue). Calculated
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COGS fell
COGS / varekostnad 345.5k NOK → 322.9k NOK (-6.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 454 NOK → 1 679 NOK. Reported fact