ADVANCED COST REDUCTION AS: årsregnskap 2021 vs 2020
Grew 16% on revenue, returned to profit
approved 2022-05-26; registry 2022-06-01; journal 2022 388943
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED COST REDUCTION AS. Revenue 52.4k NOK → 60.8k NOK (+16.1%). Net result -11.8k NOK → +47.3k NOK. Equity -350.9k NOK → -303.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANCED COST REDUCTION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 52.4k NOK to 60.8k NOK (+16.1% YoY). Calculated
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↑
Operating result improved
Operating result +3 987 NOK → +11.7k NOK (op. margin 7.6% → 19.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 11.8k NOK to a profit of 47.3k NOK. Calculated
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↑
Equity strengthened
Book equity -350.9k NOK → -303.6k NOK (equity ratio -81.8% → -64.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 57.1k NOK → 48.7k NOK (-14.6% YoY). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact