AIR-TECH AS: årsregnskap 2021 vs 2020
Shrank 12% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-26; journal 2022 710902
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR-TECH AS. Revenue 6.86m NOK → 6.03m NOK (-12.1%). Net result +823.9k NOK → +278.7k NOK. Equity 551.0k NOK → 529.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 348.9k NOK → 1.02m NOK (+193.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.86m NOK to 6.03m NOK (-12.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.06m NOK → +363.2k NOK (op. margin 15.4% → 6.0%). Calculated
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↓
Net result weakened
Net result +823.9k NOK → +278.7k NOK (net margin 12.0% → 4.6%). Calculated
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↓
Equity eroded
Book equity 551.0k NOK → 529.7k NOK (equity ratio 20.1% → 20.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.26m NOK → 3.47m NOK (47% → 58% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.69m NOK → 1.36m NOK (-19.5% YoY). Calculated