FirmaIQ
Org.nr 919 212 594 2020 → 2021 Year-over-year analysis

ADOLFSEN BÅTBYGGERI AS: årsregnskap 2021 vs 2020

Grew 9% on revenue, stronger earnings

approved 2022-06-30; registry 2022-07-23; journal 2022 762958

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADOLFSEN BÅTBYGGERI AS. Revenue 2.98m NOK → 3.24m NOK (+8.8%). Net result +134.8k NOK → +280.3k NOK. Equity 988.0k NOK → 1.27m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADOLFSEN BÅTBYGGERI AS.

At a glance

Scorecard

Revenue
2.98m NOK 3.24m NOK
+8.8%
Operating result
+309.9k NOK +516.3k NOK
+66.6%
Net result
+134.8k NOK +280.3k NOK
+107.9%
Equity
988.0k NOK 1.27m NOK
+28.4%
Cash
1.48m NOK 1.47m NOK
-0.2%
Total assets
5.50m NOK 5.61m NOK
+2.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.98m NOK to 3.24m NOK (+8.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +309.9k NOK → +516.3k NOK (op. margin 10.4% → 15.9%). Calculated

  • ↑

    Net result improved

    Net result +134.8k NOK → +280.3k NOK (net margin 4.5% → 8.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 988.0k NOK → 1.27m NOK (equity ratio 17.9% → 22.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.26m NOK → 1.22m NOK (42% → 38% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.48m NOK → 1.47m NOK (-0.2% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 458.0k NOK → 562.0k NOK (+22.7% YoY). Calculated