ABRY & KAVANAGH DESIGN AS: årsregnskap 2021 vs 2020
Grew 29% on revenue, stronger earnings
approved 2022-06-21; registry 2022-06-23; journal 2022 509515
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABRY & KAVANAGH DESIGN AS. Revenue 1.99m NOK → 2.57m NOK (+29.1%). Net result +32.1k NOK → +203.3k NOK. Equity 628.4k NOK → 701.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABRY & KAVANAGH DESIGN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.99m NOK to 2.57m NOK (+29.1% YoY). Calculated
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Operating result improved
Operating result -13.0k NOK → +208.4k NOK (op. margin -0.7% → 8.1%). Calculated
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Net result improved
Net result +32.1k NOK → +203.3k NOK (net margin 1.6% → 7.9%). Calculated
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Equity strengthened
Book equity 628.4k NOK → 701.7k NOK (equity ratio 45.9% → 54.1%). Calculated
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Cash rose
Bank deposits 468.5k NOK → 773.7k NOK (+65.1% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.72× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 80.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1.61m NOK → 1.74m NOK (81% → 68% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 225 NOK → 191.0k NOK (+8485.9% YoY). Calculated