FirmaIQ
Org.nr 996 599 523 2020 → 2021 Year-over-year analysis

AERO-TEC AS: årsregnskap 2021 vs 2020

Grew 22% on revenue, stronger earnings

approved 2022-06-30; registry 2022-07-13; journal 2022 699642

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AERO-TEC AS. Revenue 3.59m NOK → 4.40m NOK (+22.5%). Net result +175.2k NOK → +630.8k NOK. Equity 1.34m NOK → 1.97m 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. All figures are taken from the published annual accounts for AERO-TEC AS.

At a glance

Scorecard

Revenue
3.59m NOK 4.40m NOK
+22.5%
Operating result
+257.7k NOK +823.2k NOK
+219.5%
Net result
+175.2k NOK +630.8k NOK
+260.1%
Equity
1.34m NOK 1.97m NOK
+47.2%
Cash
421.6k NOK 698.2k NOK
+65.6%
Total assets
1.81m NOK 2.85m NOK
+57.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.59m NOK to 4.40m NOK (+22.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +257.7k NOK → +823.2k NOK (op. margin 7.2% → 18.7%). Calculated

  • ↑

    Net result improved

    Net result +175.2k NOK → +630.8k NOK (net margin 4.9% → 14.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.34m NOK → 1.97m NOK (equity ratio 74.0% → 69.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 421.6k NOK → 698.2k NOK (+65.6% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.17× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 1.20m NOK → 1.39m NOK (+15.7% YoY). Calculated