AIR MANAGEMENT AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, cash halved-plus, fresh owner capital
approved 2022-06-21; registry 2022-07-20; journal 2022 673243
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR MANAGEMENT AS. Revenue 10.90m NOK → 12.90m NOK (+18.3%). Net result +14.83m NOK → +13.71m NOK. Equity 32.47m NOK → 44.96m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.90m NOK to 12.90m NOK (+18.3% YoY). Calculated
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Operating result improved
Operating result +6.09m NOK → +6.36m NOK (op. margin 55.9% → 49.3%). Calculated
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Equity strengthened
Book equity 32.47m NOK → 44.96m NOK (equity ratio 82.0% → 84.6%). Calculated
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Owners injected capital
Paid-in equity rose 434.8k NOK → 33.87m NOK (+33.44m NOK). Reported fact
What deteriorated
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Net result weakened
Net result +14.83m NOK → +13.71m NOK (net margin 136.1% → 106.3%). Calculated
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Cash fell
Bank deposits 7.40m NOK → 742.5k NOK (-90.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.40m NOK → 742.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 22.31m NOK → 26.44m NOK (205% → 205% of revenue). Calculated
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COGS moved
COGS / varekostnad 790.97m NOK → 895.98m NOK (+13.3% YoY). Calculated