FirmaIQ
Org.nr 913 056 892 2020 → 2021 Year-over-year analysis

AIRMASTER NORGE AS: årsregnskap 2021 vs 2020

Grew 55% on revenue, stronger earnings

approved 2022-04-19; registry 2022-06-13; journal 2022 402183

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIRMASTER NORGE AS. Revenue 14.33m NOK → 22.24m NOK (+55.1%). Net result +463.4k NOK → +3.19m NOK. Equity 2.54m NOK → 2.73m 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 AIRMASTER NORGE AS.

At a glance

Scorecard

Revenue
14.33m NOK 22.24m NOK
+55.1%
Operating result
+932.6k NOK +4.03m NOK
+331.9%
Net result
+463.4k NOK +3.19m NOK
+588.7%
Equity
2.54m NOK 2.73m NOK
+7.5%
Cash
3.78m NOK 3.85m NOK
+1.8%
Total assets
6.97m NOK 7.82m NOK
+12.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.33m NOK to 22.24m NOK (+55.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +932.6k NOK → +4.03m NOK (op. margin 6.5% → 18.1%). Calculated

  • ↑

    Net result improved

    Net result +463.4k NOK → +3.19m NOK (net margin 3.2% → 14.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.54m NOK → 2.73m NOK (equity ratio 36.4% → 34.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.78m NOK → 3.85m NOK (+1.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.83m NOK → 1.92m NOK (13% → 9% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 9.22m NOK → 14.99m NOK (+62.5% YoY). Calculated