FirmaIQ
Org.nr 981 375 793 2020 → 2021 Year-over-year analysis

ACE GOLF AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-03-23; registry 2022-05-07; journal 2022 214509

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACE GOLF AS. Revenue 10.58m NOK → 10.81m NOK (+2.2%). Net result +609.6k NOK → +746.8k NOK. Equity 1.48m NOK → 1.13m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ACE GOLF AS.

At a glance

Scorecard

Revenue
10.58m NOK 10.81m NOK
+2.2%
Operating result
+796.9k NOK +963.2k NOK
+20.9%
Net result
+609.6k NOK +746.8k NOK
+22.5%
Equity
1.48m NOK 1.13m NOK
-23.8%
Cash
612.2k NOK 2.04m NOK
+233.1%
Total assets
2.44m NOK 3.19m NOK
+30.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.58m NOK to 10.81m NOK (+2.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +796.9k NOK → +963.2k NOK (op. margin 7.5% → 8.9%). Calculated

  • ↑

    Net result improved

    Net result +609.6k NOK → +746.8k NOK (net margin 5.8% → 6.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 612.2k NOK → 2.04m NOK (+233.1% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.48m NOK → 1.13m NOK (equity ratio 61.0% → 35.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.23m NOK → 2.31m NOK (21% → 21% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 6.61m NOK → 6.41m NOK (-3.1% YoY). Calculated