ACE AGENCY AS: årsregnskap 2021 vs 2020
Grew 241% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-08-01; journal 2022 829537
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACE AGENCY AS. Revenue 259.4k NOK → 884.1k NOK (+240.9%). Net result +469 NOK → +46.1k NOK. Equity 103.9k NOK → 149.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE AGENCY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 259.4k NOK to 884.1k NOK (+240.9% YoY). Calculated
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Operating result improved
Operating result +2 077 NOK → +61.6k NOK (op. margin 0.8% → 7.0%). Calculated
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Net result improved
Net result +469 NOK → +46.1k NOK (net margin 0.2% → 5.2%). Calculated
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Equity strengthened
Book equity 103.9k NOK → 149.9k NOK (equity ratio 85.5% → 55.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 99.4k NOK → 3 741 NOK (-96.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 92.6k NOK → 3.33m NOK (36% → 377% of revenue). Calculated
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COGS moved
COGS / varekostnad 76.4k NOK → 322.4k NOK (+321.8% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0.3 → 1. Reported fact