ABEL MALERSERVICE AS: årsregnskap 2021 vs 2020
Grew 46% on revenue, weaker earnings
approved 2022-05-16; registry 2022-05-30; journal 2022 373692
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABEL MALERSERVICE AS. Revenue 729.4k NOK → 1.07m NOK (+46.0%). Net result +66.1k NOK → +37.0k NOK. Equity 100.0k NOK → 137.0k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABEL MALERSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 729.4k NOK to 1.07m NOK (+46.0% YoY). Calculated
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↑
Equity strengthened
Book equity 100.0k NOK → 137.0k NOK (equity ratio 28.3% → 58.3%). Calculated
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↑
Cash rose
Bank deposits 18.8k NOK → 170.7k NOK (+807.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +86.1k NOK → +47.6k NOK (op. margin 11.8% → 4.5%). Calculated
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↓
Net result weakened
Net result +66.1k NOK → +37.0k NOK (net margin 9.1% → 3.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 458.4k NOK → 2.52m NOK (63% → 236% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 906.3k NOK → 247.5k NOK (-72.7% YoY). Calculated