FirmaIQ
Org.nr 925 920 967 2020 → 2021 Year-over-year analysis

ACE GROUP AS: årsregnskap 2021 vs 2020

Grew 297546% on revenue

approved 2022-06-27; registry 2022-07-11; journal 2022 615568

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACE GROUP AS. Revenue 1 734 NOK → 5.16m NOK (+297546.1%). Net result +306.6k NOK → +350.5k NOK. Equity 12.34m NOK → 687.1k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE GROUP AS.

At a glance

Scorecard

Revenue
1 734 NOK 5.16m NOK
+297546.1%
Operating result
+393.0k NOK +463.2k NOK
+17.9%
Net result
+306.6k NOK +350.5k NOK
+14.3%
Equity
12.34m NOK 687.1k NOK
-94.4%
Cash
24.4k NOK 659.2k NOK
+2598.4%
Total assets
1.85m NOK 3.11m NOK
+67.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 734 NOK to 5.16m NOK (+297546.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +393.0k NOK → +463.2k NOK (op. margin 22666.8% → 9.0%). Calculated

  • ↑

    Net result improved

    Net result +306.6k NOK → +350.5k NOK (net margin 17680.1% → 6.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 24.4k NOK → 659.2k NOK (+2598.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 12.34m NOK → 687.1k NOK (equity ratio 665.7% → 22.1%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 491.9k NOK → 301.7k NOK (-38.7% YoY). Calculated