ACCOUNT REGNSKAP AS: årsregnskap 2021 vs 2020
Grew 20% on revenue, weaker earnings, cash halved-plus
approved 2022-05-24; registry 2022-07-07; journal 2022 593582
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACCOUNT REGNSKAP AS. Revenue 8.43m NOK → 10.08m NOK (+19.7%). Net result +611.3k NOK → +84.8k NOK. Equity 3.04m NOK → 1.23m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ACCOUNT REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.43m NOK to 10.08m NOK (+19.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +724.5k NOK → +343.0k NOK (op. margin 8.6% → 3.4%). Calculated
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↓
Net result weakened
Net result +611.3k NOK → +84.8k NOK (net margin 7.3% → 0.8%). Calculated
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↓
Equity eroded
Book equity 3.04m NOK → 1.23m NOK (equity ratio 63.9% → 35.6%). Calculated
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↓
Cash fell
Bank deposits 3.70m NOK → 1.19m NOK (-67.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.70m NOK → 1.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 5.33m NOK → 6.42m NOK (63% → 64% of revenue). Calculated