ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-06-10; registry 2022-06-21; journal 2022 470078
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 4.52m NOK → 4.60m NOK (+1.9%). Net result +234.4k NOK → +78.3k NOK. Equity 11.80m NOK → 876.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.52m NOK to 4.60m NOK (+1.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +318.7k NOK → +132.5k NOK (op. margin 7.1% → 2.9%). Calculated
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↓
Net result weakened
Net result +234.4k NOK → +78.3k NOK (net margin 5.2% → 1.7%). Calculated
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↓
Equity eroded
Book equity 11.80m NOK → 876.5k NOK (equity ratio 562.9% → 45.7%). Calculated
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↓
Cash fell
Bank deposits 976.2k NOK → 586.6k NOK (-39.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 773.1k NOK → 843.1k NOK (17% → 18% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.06m NOK → 3.08m NOK (+0.5% YoY). Calculated