AIR ENERGI NORWAY AS: årsregnskap 2021 vs 2020
Grew 19% on revenue, slipped into loss
approved 2022-07-11; registry 2023-03-22; journal 2023 331011
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR ENERGI NORWAY AS. Revenue 22.04m NOK → 26.24m NOK (+19.0%). Net result +31.9k NOK → -359.7k NOK. Equity -1.46m NOK → -1.82m NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.04m NOK to 26.24m NOK (+19.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 10.24×. Calculated
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Payroll decreased
Salary cost 2.74m NOK → 2.29m NOK (12% → 9% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +84.1k NOK → -410.2k NOK (op. margin 0.4% → -1.6%). Calculated
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Fell into a net loss
Net result flipped from 31.9k NOK profit to a loss of 359.7k NOK. Calculated
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Equity eroded
Book equity -1.46m NOK → -1.82m NOK (equity ratio -16.6% → -9.1%). Calculated
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Cash fell
Bank deposits 507.7k NOK → 326.3k NOK (-35.7% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 18.79m NOK → 23.76m NOK (+26.4% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 13 → 0. Reported fact