FirmaIQ
Org.nr 922 105 243 2020 → 2021 Year-over-year analysis

ABOVEIT AS: årsregnskap 2021 vs 2020

Grew 72% on revenue, stronger earnings, fresh owner capital

approved 2022-04-26; registry 2022-06-07; journal 2022 340828

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABOVEIT AS. Revenue 52.13m NOK → 89.60m NOK (+71.9%). Net result +8.24m NOK → +9.89m NOK. Equity 9.07m NOK → 14.16m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABOVEIT AS.

At a glance

Scorecard

Revenue
52.13m NOK 89.60m NOK
+71.9%
Operating result
+10.67m NOK +12.71m NOK
+19.1%
Net result
+8.24m NOK +9.89m NOK
+20.0%
Equity
9.07m NOK 14.16m NOK
+56.1%
Cash
12.51m NOK 20.65m NOK
+65.0%
Total assets
23.68m NOK 43.77m NOK
+84.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 52.13m NOK to 89.60m NOK (+71.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.67m NOK → +12.71m NOK (op. margin 20.5% → 14.2%). Calculated

  • ↑

    Net result improved

    Net result +8.24m NOK → +9.89m NOK (net margin 15.8% → 11.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 9.07m NOK → 14.16m NOK (equity ratio 38.3% → 32.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 12.51m NOK → 20.65m NOK (+65.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 36.27m NOK → 68.12m NOK (70% → 76% of revenue). Calculated