AIR-PRODUCT NORGE AS: årsregnskap 2021 vs 2020
Grew 6% on revenue, stronger earnings, cash halved-plus
approved 2022-05-16; registry 2022-06-07; journal 2022 337436
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR-PRODUCT NORGE AS. Revenue 14.22m NOK → 15.04m NOK (+5.8%). Net result +190.2k NOK → +426.4k NOK. Equity 3.64m NOK → 1.67m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR-PRODUCT NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.22m NOK to 15.04m NOK (+5.8% YoY). Calculated
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Net result improved
Net result +190.2k NOK → +426.4k NOK (net margin 1.3% → 2.8%). Calculated
What deteriorated
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Operating result weakened
Operating result +689.6k NOK → +560.7k NOK (op. margin 4.8% → 3.7%). Calculated
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↓
Equity eroded
Book equity 3.64m NOK → 1.67m NOK (equity ratio 63.1% → 42.5%). Calculated
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Cash fell
Bank deposits 2.45m NOK → 524.2k NOK (-78.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.45m NOK → 524.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.23m NOK → 2.31m NOK (16% → 15% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.46m NOK → 11.33m NOK (+8.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.1k NOK → 117.5k NOK. Reported fact