AC VEST AS: årsregnskap 2021 vs 2020
Grew 45% on revenue, stronger earnings
registry 2022-07-28; journal 2022 811110
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AC VEST AS. Revenue 1.01m NOK → 1.46m NOK (+44.9%). Net result +100.1k NOK → +132.5k NOK. Equity 13.12m NOK → 257.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AC VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.01m NOK to 1.46m NOK (+44.9% YoY). Calculated
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↑
Operating result improved
Operating result +128.3k NOK → +170.9k NOK (op. margin 12.8% → 11.7%). Calculated
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↑
Net result improved
Net result +100.1k NOK → +132.5k NOK (net margin 10.0% → 9.1%). Calculated
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↑
Cash rose
Bank deposits 54.6k NOK → 415.5k NOK (+660.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.12m NOK → 257.0k NOK (equity ratio 3857.3% → 33.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 531.1k NOK → 3.88m NOK (53% → 266% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 42.0k NOK → 94.2k NOK (+124.2% YoY). Calculated