ADVANCED MACHINE COMPANY AS: årsregnskap 2021 vs 2020
Grew 42% on revenue, stronger earnings
approved 2022-05-16; registry 2022-07-12; journal 2022 630739
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVANCED MACHINE COMPANY AS. Revenue 19.22m NOK → 27.21m NOK (+41.6%). Net result +117.9k NOK → +749.8k NOK. Equity 6.73m NOK → 5.48m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 19.22m NOK to 27.21m NOK (+41.6% YoY). Calculated
-
↑
Operating result improved
Operating result +104.8k NOK → +640.5k NOK (op. margin 0.5% → 2.4%). Calculated
-
↑
Net result improved
Net result +117.9k NOK → +749.8k NOK (net margin 0.6% → 2.8%). Calculated
-
↑
Cash rose
Bank deposits 9.01m NOK → 15.31m NOK (+69.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 6.73m NOK → 5.48m NOK. Calculated
Things to notice
-
·
Payroll increased
Salary cost 5.94m NOK → 6.96m NOK (31% → 26% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 11.14m NOK → 8.61m NOK (-22.7% YoY). Calculated