AC DESIGN AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, returned to profit
approved 2022-03-21; registry 2022-03-26; journal 2022 165660
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AC DESIGN AS. Revenue 1.75m NOK → 1.89m NOK (+8.3%). Net result -59.5k NOK → +71.3k NOK. Equity 524.1k NOK → 595.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AC DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.75m NOK to 1.89m NOK (+8.3% YoY). Calculated
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↑
Operating result improved
Operating result -74.3k NOK → +90.0k NOK (op. margin -4.2% → 4.8%). Calculated
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Turned profitable
Net result flipped from a loss of 59.5k NOK to a profit of 71.3k NOK. Calculated
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Equity strengthened
Book equity 524.1k NOK → 595.5k NOK. Calculated
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↑
Cash rose
Bank deposits 643.5k NOK → 719.0k NOK (+11.7% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 4.23× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 477.6k NOK → 515.4k NOK (27% → 27% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 808.4k NOK → 729.3k NOK (-9.8% YoY). Calculated