FirmaIQ
Org.nr 919 785 640 2020 → 2021 Year-over-year analysis

ABV AS: årsregnskap 2021 vs 2020

Grew 9% on revenue, cash halved-plus

approved 2022-03-26; registry 2022-04-04; journal 2022 173024

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABV AS. Revenue 52.83m NOK → 57.33m NOK (+8.5%). Net result +7.13m NOK → +7.55m NOK. Equity 3.00m NOK → 4.55m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABV AS.

At a glance

Scorecard

Revenue
52.83m NOK 57.33m NOK
+8.5%
Operating result
+9.54m NOK +10.07m NOK
+5.6%
Net result
+7.13m NOK +7.55m NOK
+6.0%
Equity
3.00m NOK 4.55m NOK
+51.8%
Cash
12.56m NOK 5.40m NOK
-57.0%
Total assets
23.97m NOK 19.96m NOK
-16.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 52.83m NOK to 57.33m NOK (+8.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +9.54m NOK → +10.07m NOK (op. margin 18.0% → 17.6%). Calculated

  • ↑

    Net result improved

    Net result +7.13m NOK → +7.55m NOK (net margin 13.5% → 13.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.00m NOK → 4.55m NOK (equity ratio 12.5% → 22.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 12.56m NOK → 5.40m NOK (-57.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 24.11m NOK → 26.56m NOK (46% → 46% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 12.89m NOK → 14.37m NOK (+11.5% YoY). Calculated