AD NAVIGATION AS: årsregnskap 2021 vs 2020
Grew 77% on revenue, weaker earnings
approved 2022-06-21; registry 2022-06-28; journal 2022 521888
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AD NAVIGATION AS. Revenue 14.37m NOK → 25.42m NOK (+76.8%). Net result +14.88m NOK → +390.0k NOK. Equity 5.96m NOK → 8.75m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AD NAVIGATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.37m NOK to 25.42m NOK (+76.8% YoY). Calculated
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↑
Equity strengthened
Book equity 5.96m NOK → 8.75m NOK (equity ratio 63.6% → 58.0%). Calculated
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↑
Cash rose
Bank deposits 4.66m NOK → 6.63m NOK (+42.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +453.6k NOK → +351.0k NOK (op. margin 3.2% → 1.4%). Calculated
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↓
Net result weakened
Net result +14.88m NOK → +390.0k NOK (net margin 103.5% → 1.5%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 7.22m NOK → 10.85m NOK (+50.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 5.5. Reported fact