AIRBIT AS: årsregnskap 2021 vs 2020
Grew 12% on revenue, stronger earnings
approved 2022-06-21; registry 2022-06-29; journal 2022 555517
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRBIT AS. Revenue 2.79m NOK → 3.13m NOK (+12.3%). Net result +584.4k NOK → +838.3k NOK. Equity 11.78m NOK → 1.61m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRBIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.79m NOK to 3.13m NOK (+12.3% YoY). Calculated
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↑
Net result improved
Net result +584.4k NOK → +838.3k NOK (net margin 20.9% → 26.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +724.1k NOK → +61.5k NOK (op. margin 26.0% → 2.0%). Calculated
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↓
Equity eroded
Book equity 11.78m NOK → 1.61m NOK (equity ratio 807.8% → 75.6%). Calculated
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↓
Cash fell
Bank deposits 774.4k NOK → 430.5k NOK (-44.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 17.8k NOK → 3.21m NOK (1% → 103% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.23m NOK → 2.67m NOK (+117.4% YoY). Calculated