ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2021 vs 2020
Grew 28% on revenue, stronger earnings
approved 2022-05-30; registry 2022-06-01; journal 2022 394899
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 2.04m NOK → 2.61m NOK (+28.2%). Net result +22.5k NOK → +43.5k NOK. Equity 39.9k NOK → 83.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.04m NOK to 2.61m NOK (+28.2% YoY). Calculated
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Operating result improved
Operating result +25.8k NOK → +45.9k NOK (op. margin 1.3% → 1.8%). Calculated
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Net result improved
Net result +22.5k NOK → +43.5k NOK (net margin 1.1% → 1.7%). Calculated
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Equity strengthened
Book equity 39.9k NOK → 83.3k NOK (equity ratio 5.0% → 12.2%). Calculated
What deteriorated
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Cash fell
Bank deposits 459.9k NOK → 305.5k NOK (-33.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.03× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.20m NOK → 1.78m NOK (59% → 68% of revenue). Calculated
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COGS moved
COGS / varekostnad 377.7k NOK → 407.6k NOK (+7.9% YoY). Calculated