AERSEA AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
registry 2022-06-30; journal 2022 567714
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AERSEA AS. Revenue 611.0k NOK → 633.6k NOK (+3.7%). Net result +24.8k NOK → +37.5k NOK. Equity 261.6k NOK → 299.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AERSEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 611.0k NOK to 633.6k NOK (+3.7% YoY). Calculated
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Operating result improved
Operating result +34.3k NOK → +63.7k NOK (op. margin 5.6% → 10.0%). Calculated
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Net result improved
Net result +24.8k NOK → +37.5k NOK (net margin 4.1% → 5.9%). Calculated
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Equity strengthened
Book equity 261.6k NOK → 299.1k NOK (equity ratio 28.1% → 35.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 393.7k NOK → 142.5k NOK (-63.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.09× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 67.2k NOK → 1.05m NOK (11% → 165% of revenue). Calculated
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COGS moved
COGS / varekostnad 148.2k NOK → 811.4k NOK (+447.6% YoY). Calculated