AIP UTLEIE AS: årsregnskap 2021 vs 2020
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-09-07; journal 2022 918493
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIP UTLEIE AS. Revenue 16.52m NOK → 17.99m NOK (+8.9%). Net result +485.6k NOK → +115.1k NOK. Equity 571.4k NOK → 230.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIP UTLEIE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.52m NOK to 17.99m NOK (+8.9% YoY). Calculated
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Payroll decreased
Salary cost 1.59m NOK → 1.31m NOK (10% → 7% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +720.8k NOK → +195.7k NOK (op. margin 4.4% → 1.1%). Calculated
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↓
Net result weakened
Net result +485.6k NOK → +115.1k NOK (net margin 2.9% → 0.6%). Calculated
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↓
Equity eroded
Book equity 571.4k NOK → 230.0k NOK (equity ratio 5.6% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 447.2k NOK → 221.1k NOK (-50.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5.79m NOK → 5.21m NOK (-10.0% YoY). Calculated