AIRFLOW FILTER AS: årsregnskap 2021 vs 2020
Shrank 17% on revenue, cash halved-plus
registry 2022-06-11; journal 2022 381641
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRFLOW FILTER AS. Revenue 503.7k NOK → 417.6k NOK (-17.1%). Net result +114.6k NOK → +130.4k NOK. Equity 186.2k NOK → 316.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +146.5k NOK → +167.2k NOK (op. margin 29.1% → 40.0%). Calculated
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↑
Net result improved
Net result +114.6k NOK → +130.4k NOK (net margin 22.7% → 31.2%). Calculated
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↑
Equity strengthened
Book equity 186.2k NOK → 316.6k NOK (equity ratio 16.3% → 84.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 503.7k NOK to 417.6k NOK (-17.1% YoY). Calculated
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↓
Cash fell
Bank deposits 1.06m NOK → 288.5k NOK (-72.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.06m NOK → 288.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 315.6k NOK → 209.7k NOK (-33.6% YoY). Calculated