ADVANCED CONTROL AS: årsregnskap 2021 vs 2020
Shrank 31% on revenue, stronger earnings, cash halved-plus
approved 2022-06-16; registry 2022-06-27; journal 2022 514605
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED CONTROL AS. Revenue 12.95m NOK → 8.98m NOK (-30.7%). Net result +7.17m NOK → +11.64m NOK. Equity 24.86m NOK → 32.76m NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +7.17m NOK → +11.64m NOK (net margin 55.3% → 129.7%). Calculated
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Equity strengthened
Book equity 24.86m NOK → 32.76m NOK (equity ratio 53.8% → 49.8%). Calculated
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Owners injected capital
Paid-in equity rose 8.91m NOK → 14.11m NOK (+5.20m NOK). Reported fact
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Payroll decreased
Salary cost 5.19m NOK → 5.13m NOK (40% → 57% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 12.95m NOK to 8.98m NOK (-30.7% YoY). Calculated
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Operating result weakened
Operating result +851.5k NOK → -237.2k NOK (op. margin 6.6% → -2.6%). Calculated
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Cash fell
Bank deposits 697.9k NOK → 341.3k NOK (-51.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 4.21m NOK → 2.67m NOK (-36.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.78m NOK → 11.94m NOK. Reported fact