ADVANCED ELECTRONICS AS: årsregnskap 2021 vs 2020
Grew 223% on revenue, stronger earnings
approved 2022-03-14; registry 2022-03-16; journal 2022 149146
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED ELECTRONICS AS. Revenue 107.5k NOK → 346.8k NOK (+222.6%). Net result +31.7k NOK → +52.5k NOK. Equity 61.7k NOK → 5.11m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVANCED ELECTRONICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 107.5k NOK to 346.8k NOK (+222.6% YoY). Calculated
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Operating result improved
Operating result +40.7k NOK → +87.2k NOK (op. margin 37.8% → 25.1%). Calculated
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Net result improved
Net result +31.7k NOK → +52.5k NOK (net margin 29.5% → 15.1%). Calculated
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Equity strengthened
Book equity 61.7k NOK → 5.11m NOK (equity ratio 31.7% → 516.4%). Calculated
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Cash rose
Bank deposits 14.4k NOK → 301.4k NOK (+1992.6% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.14× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 29.3k NOK → 226.2k NOK (+671.6% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact