AIR & ROAD TRANSPORT AS: årsregnskap 2021 vs 2020
Grew 55% on revenue, stronger earnings
approved 2022-04-28; registry 2022-07-07; journal 2022 594715
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR & ROAD TRANSPORT AS. Revenue 73.36m NOK → 113.85m NOK (+55.2%). Net result +9.06m NOK → +11.60m NOK. Equity 8.60m NOK → 9.21m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 73.36m NOK to 113.85m NOK (+55.2% YoY). Calculated
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Operating result improved
Operating result +11.21m NOK → +14.11m NOK (op. margin 15.3% → 12.4%). Calculated
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Net result improved
Net result +9.06m NOK → +11.60m NOK (net margin 12.3% → 10.2%). Calculated
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Equity strengthened
Book equity 8.60m NOK → 9.21m NOK (equity ratio 28.5% → 24.2%). Calculated
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Cash rose
Bank deposits 16.50m NOK → 18.44m NOK (+11.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 6.48m NOK → 7.15m NOK (9% → 6% of revenue). Calculated
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COGS moved
COGS / varekostnad 52.92m NOK → 89.18m NOK (+68.5% YoY). Calculated