AB SERVICE AS: årsregnskap 2021 vs 2020
Shrank 12% on revenue, weaker earnings
approved 2022-05-02; registry 2022-05-25; journal 2022 275113
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AB SERVICE AS. Revenue 8.04m NOK → 7.11m NOK (-11.6%). Net result +1.52m NOK → +915.2k NOK. Equity 6.73m NOK → 7.64m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AB SERVICE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.73m NOK → 7.64m NOK (equity ratio 57.4% → 77.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.04m NOK to 7.11m NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result +2.06m NOK → +1.20m NOK (op. margin 25.7% → 16.9%). Calculated
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↓
Net result weakened
Net result +1.52m NOK → +915.2k NOK (net margin 18.9% → 12.9%). Calculated
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↓
Cash fell
Bank deposits 3.78m NOK → 3.16m NOK (-16.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.83m NOK → 1.24m NOK (-32.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 22.3k NOK → 14.2k NOK. Reported fact