AIRFIL AS: årsregnskap 2021 vs 2020
Shrank 74% on revenue, returned to profit, cash halved-plus
approved 2022-06-28; registry 2022-06-30; journal 2022 565440
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRFIL AS. Revenue 1.81m NOK → 461.2k NOK (-74.5%). Net result -208.2k NOK → +189.7k NOK. Equity -484.3k NOK → -294.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFIL AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -207.8k NOK → +195.4k NOK (op. margin -11.5% → 42.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 208.2k NOK to a profit of 189.7k NOK. Calculated
-
↑
Equity strengthened
Book equity -484.3k NOK → -294.6k NOK (equity ratio -118.8% → -103.2%). Calculated
-
↑
Payroll decreased
Salary cost 466.5k NOK → 85.3k NOK (26% → 18% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.81m NOK to 461.2k NOK (-74.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 62.2k NOK → 8 185 NOK (-86.8% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.48m NOK → 119.0k NOK (-92.0% YoY). Calculated