FirmaIQ
Org.nr 937 416 873 2020 → 2021 Year-over-year analysis

ADMINISTRATIV REGNSKAPSSERVICE AS: årsregnskap 2021 vs 2020

Grew 14% on revenue, stronger earnings

registry 2022-06-16; journal 2022 437450

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADMINISTRATIV REGNSKAPSSERVICE AS. Revenue 9.85m NOK → 11.27m NOK (+14.3%). Net result +309.2k NOK → +776.6k NOK. Equity 858.6k NOK → 585.1k NOK.

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

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADMINISTRATIV REGNSKAPSSERVICE AS.

At a glance

Scorecard

Revenue
9.85m NOK 11.27m NOK
+14.3%
Operating result
+405.7k NOK +876.8k NOK
+116.1%
Net result
+309.2k NOK +776.6k NOK
+151.2%
Equity
858.6k NOK 585.1k NOK
-31.8%
Cash
1.34m NOK 1.58m NOK
+17.3%
Total assets
2.89m NOK 3.22m NOK
+11.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.85m NOK to 11.27m NOK (+14.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +405.7k NOK → +876.8k NOK (op. margin 4.1% → 7.8%). Calculated

  • ↑

    Net result improved

    Net result +309.2k NOK → +776.6k NOK (net margin 3.1% → 6.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.34m NOK → 1.58m NOK (+17.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 858.6k NOK → 585.1k NOK (equity ratio 29.8% → 18.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 7.63m NOK → 8.37m NOK (77% → 74% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 19.0k NOK → 8 438 NOK. Reported fact