AIR BUILDING AS: årsregnskap 2021 vs 2020
Shrank 12% on revenue, returned to profit
approved 2022-06-30; registry 2022-07-05; journal 2022 617356
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR BUILDING AS. Revenue 2.74m NOK → 2.40m NOK (-12.4%). Net result -80.2k NOK → +5.10m NOK. Equity -150.6k NOK → -50.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR BUILDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -75.5k NOK → +99.9k NOK (op. margin -2.8% → 4.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 80.2k NOK to a profit of 5.10m NOK. Calculated
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↑
Equity strengthened
Book equity -150.6k NOK → -50.1k NOK (equity ratio -18.6% → -7.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.74m NOK to 2.40m NOK (-12.4% YoY). Calculated
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↓
Cash fell
Bank deposits 438.0k NOK → 293.3k NOK (-33.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.72m NOK → 1.91m NOK (63% → 80% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 521.1k NOK → 134.7k NOK (-74.2% YoY). Calculated