FirmaIQ
Org.nr 924 186 186 2020 → 2021 Year-over-year analysis

AE TUNGA AS: årsregnskap 2021 vs 2020

Grew 11% on revenue, stronger earnings

approved 2022-06-24; registry 2022-08-02; journal 2022 766604

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AE TUNGA AS. Revenue 17.13m NOK → 19.10m NOK (+11.5%). Net result +6.74m NOK → +8.52m NOK. Equity 24.31m NOK → 24.24m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AE TUNGA AS.

At a glance

Scorecard

Revenue
17.13m NOK 19.10m NOK
+11.5%
Operating result
+10.34m NOK +12.32m NOK
+19.2%
Net result
+6.74m NOK +8.52m NOK
+26.3%
Equity
24.31m NOK 24.24m NOK
-0.3%
Cash
2 583 NOK 12.78m NOK
+494776.9%
Total assets
78.24m NOK n/m
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.13m NOK to 19.10m NOK (+11.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.34m NOK → +12.32m NOK (op. margin 60.3% → 64.5%). Calculated

  • ↑

    Net result improved

    Net result +6.74m NOK → +8.52m NOK (net margin 39.4% → 44.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 2 583 NOK → 12.78m NOK (+494776.9% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.85× → 1.01×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 24.31m NOK → 24.24m NOK. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 1.85m NOK → 2.28m NOK (+23.3% YoY). Calculated