AD BYGG & VVS AS: årsregnskap 2021 vs 2020
Grew 297% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-05; journal 2022 625136
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AD BYGG & VVS AS. Revenue 504.1k NOK → 2.00m NOK (+296.5%). Net result +7.17m NOK → +18.8k NOK. Equity 6.18m NOK → 194.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AD BYGG & VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 504.1k NOK to 2.00m NOK (+296.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +222.4k NOK → +22.8k NOK (op. margin 44.1% → 1.1%). Calculated
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↓
Net result weakened
Net result +7.17m NOK → +18.8k NOK (net margin 1422.3% → 0.9%). Calculated
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↓
Equity eroded
Book equity 6.18m NOK → 194.4k NOK (equity ratio 4758.9% → 109.5%). Calculated
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↓
Cash fell
Bank deposits 45.7k NOK → 20.8k NOK (-54.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.57m NOK → 3.85m NOK (510% → 192% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 524.0k NOK → 938.9k NOK (+79.2% YoY). Calculated