FirmaIQ
Org.nr 914 305 195 2020 → 2021 Year-over-year analysis

AIR CARGO LOGISTICS AS: årsregnskap 2021 vs 2020

Grew 13% on revenue

approved 2022-06-21; registry 2022-07-20; journal 2022 672761

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIR CARGO LOGISTICS AS. Revenue 841.38m NOK → 950.76m NOK (+13.0%). Net result +11.60m NOK → +10.92m NOK. Equity 9.31m NOK → 11.34m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR CARGO LOGISTICS AS.

At a glance

Scorecard

Revenue
841.38m NOK 950.76m NOK
+13.0%
Operating result
+15.57m NOK +15.23m NOK
-2.2%
Net result
+11.60m NOK +10.92m NOK
-5.9%
Equity
9.31m NOK 11.34m NOK
+21.8%
Cash
29.32m NOK 24.10m NOK
-17.8%
Total assets
140.01m NOK 145.25m NOK
+3.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 841.38m NOK to 950.76m NOK (+13.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 9.31m NOK → 11.34m NOK (equity ratio 6.6% → 7.8%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +15.57m NOK → +15.23m NOK (op. margin 1.9% → 1.6%). Calculated

  • ↓

    Net result weakened

    Net result +11.60m NOK → +10.92m NOK (net margin 1.4% → 1.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 29.32m NOK → 24.10m NOK (-17.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 17.67m NOK → 20.48m NOK (2% → 2% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 8.80bn NOK → 8.91bn NOK (+1.2% YoY). Calculated