FirmaIQ
Org.nr 938 702 675 2020 → 2021 Year-over-year analysis

AF GRUPPEN ASA: årsregnskap 2021 vs 2020

Grew 65% on revenue, stronger earnings, fresh owner capital

approved 2022-05-13; registry 2022-06-13; journal 2022 351170

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AF GRUPPEN ASA. Revenue 615.0k NOK → 1.02m NOK (+65.2%). Net result +622.0k NOK → +1.03m NOK. Equity 771.00m NOK → 825.0k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AF GRUPPEN ASA.

At a glance

Scorecard

Revenue
615.0k NOK 1.02m NOK
+65.2%
Operating result
+593.0k NOK +988.0k NOK
+66.6%
Net result
+622.0k NOK +1.03m NOK
+65.8%
Equity
771.00m NOK 825.0k NOK
-99.9%
Total assets
2.86bn NOK 3.25bn NOK
+13.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 615.0k NOK to 1.02m NOK (+65.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +593.0k NOK → +988.0k NOK (op. margin 96.4% → 97.2%). Calculated

  • ↑

    Net result improved

    Net result +622.0k NOK → +1.03m NOK (net margin 101.1% → 101.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 604.0k NOK → 296.00m NOK (+295.40m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 771.00m NOK → 825.0k NOK (equity ratio 27.0% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation