AIRPORT INNOVATION AS: årsregnskap 2021 vs 2020
Grew 262% on revenue, stronger earnings
approved 2022-05-12; registry 2022-05-16; journal 2022 297738
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRPORT INNOVATION AS. Revenue 1.54m NOK → 5.57m NOK (+262.0%). Net result +56.0k NOK → +133.3k NOK. Equity 6.11m NOK → 244.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRPORT INNOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.54m NOK to 5.57m NOK (+262.0% YoY). Calculated
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Operating result improved
Operating result +72.2k NOK → +172.9k NOK (op. margin 4.7% → 3.1%). Calculated
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Net result improved
Net result +56.0k NOK → +133.3k NOK (net margin 3.6% → 2.4%). Calculated
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Cash rose
Bank deposits 69.2k NOK → 851.2k NOK (+1130.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.11m NOK → 244.1k NOK (equity ratio 2787.0% → 100.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.02× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 259 NOK → 2.55m NOK (0% → 46% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.30m NOK → 4.47m NOK (+243.0% YoY). Calculated