ACCELERATE BRANDS AS: årsregnskap 2021 vs 2020
Shrank 40% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-20; journal 2022 668847
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACCELERATE BRANDS AS. Revenue 52.91m NOK → 31.91m NOK (-39.7%). Net result +2.30m NOK → +5.65m NOK. Equity 11.39m NOK → 16.06m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCELERATE BRANDS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1.18m NOK → +7.68m NOK (op. margin 2.2% → 24.1%). Calculated
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Net result improved
Net result +2.30m NOK → +5.65m NOK (net margin 4.4% → 17.7%). Calculated
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Equity strengthened
Book equity 11.39m NOK → 16.06m NOK (equity ratio 36.6% → 53.5%). Calculated
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Cash rose
Bank deposits 1.62m NOK → 3.37m NOK (+107.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.81× → 5.94×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 52.91m NOK to 31.91m NOK (-39.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 93.9k NOK → 5.13m NOK (0% → 16% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 50.19m NOK → 28.27m NOK (-43.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.46m NOK → 10.83m NOK. Reported fact