ABC ART BUSINESS COLLECTION AS: årsregnskap 2021 vs 2020
Shrank 10% on revenue, returned to profit
approved 2022-05-02; registry 2022-05-05; journal 2022 257432
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABC ART BUSINESS COLLECTION AS. Revenue 2.59m NOK → 2.34m NOK (-9.8%). Net result -14.6k NOK → +346.7k NOK. Equity 2.05m NOK → 2.40m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC ART BUSINESS COLLECTION AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +163.0k NOK → +520.6k NOK (op. margin 6.3% → 22.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 14.6k NOK to a profit of 346.7k NOK. Calculated
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↑
Equity strengthened
Book equity 2.05m NOK → 2.40m NOK (equity ratio 48.9% → 60.7%). Calculated
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↑
Payroll decreased
Salary cost 413.8k NOK → 175.7k NOK (16% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.59m NOK to 2.34m NOK (-9.8% YoY). Calculated
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↓
Cash fell
Bank deposits 42.2k NOK → 22.0k NOK (-47.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.25m NOK → 955.3k NOK (-23.8% YoY). Calculated