ACADEMIC WORK NORWAY AS: årsregnskap 2021 vs 2020
Grew 17% on revenue, stronger earnings
approved 2022-06-30; registry 2022-08-02; journal 2022 868848
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACADEMIC WORK NORWAY AS. Revenue 254.32m NOK → 296.50m NOK (+16.6%). Net result +11.22m NOK → +21.10m NOK. Equity 21.90m NOK → 25.00m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACADEMIC WORK NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 254.32m NOK to 296.50m NOK (+16.6% YoY). Calculated
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Operating result improved
Operating result +14.34m NOK → +26.97m NOK (op. margin 5.6% → 9.1%). Calculated
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Net result improved
Net result +11.22m NOK → +21.10m NOK (net margin 4.4% → 7.1%). Calculated
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Equity strengthened
Book equity 21.90m NOK → 25.00m NOK (equity ratio 22.7% → 22.3%). Calculated
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Cash rose
Bank deposits 6.93m NOK → 7.91m NOK (+14.1% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3.15bn NOK → 3.17bn NOK (1237% → 1071% of revenue). Calculated
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COGS moved
COGS / varekostnad 53.28m NOK → 84.54m NOK (+58.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 479.7k NOK → 412.6k NOK. Reported fact