FirmaIQ
Org.nr 919 018 755 2020 → 2021 Year-over-year analysis

ACE NORWAY AS: årsregnskap 2021 vs 2020

Grew 53% on revenue, stronger earnings

approved 2022-06-24; registry 2022-08-16; journal 2022 876263

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ACE NORWAY AS. Revenue 3.87m NOK → 5.93m NOK (+53.4%). Net result +2.11m NOK → +3.69m NOK. Equity 21.76m NOK → 25.46m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.87m NOK 5.93m NOK
+53.4%
Operating result
+2.11m NOK +2.77m NOK
+31.2%
Net result
+2.11m NOK +3.69m NOK
+75.2%
Equity
21.76m NOK 25.46m NOK
+17.0%
Cash
5.76m NOK 9.97m NOK
+73.1%
Total assets
22.62m NOK 182.54m NOK
+706.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.87m NOK to 5.93m NOK (+53.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.11m NOK → +2.77m NOK (op. margin 54.5% → 46.6%). Calculated

  • ↑

    Net result improved

    Net result +2.11m NOK → +3.69m NOK (net margin 54.5% → 62.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 21.76m NOK → 25.46m NOK (equity ratio 96.2% → 13.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 5.76m NOK → 9.97m NOK (+73.1% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 11.40× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated