AJ MOTOR AS: årsregnskap 2021 vs 2020
Grew 25% on revenue
approved 2022-03-08; registry 2022-06-02; journal 2022 397317
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AJ MOTOR AS. Revenue 716.6k NOK → 893.1k NOK (+24.6%). Net result -64.2k NOK → -74.8k NOK. Equity -49.1k NOK → -123.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AJ MOTOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 716.6k NOK to 893.1k NOK (+24.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -50.6k NOK → -61.7k NOK (op. margin -7.1% → -6.9%). Calculated
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↓
Net result weakened
Net result -64.2k NOK → -74.8k NOK (net margin -9.0% → -8.4%). Calculated
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↓
Equity eroded
Book equity -49.1k NOK → -123.9k NOK (equity ratio -10.6% → -49.0%). Calculated
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↓
Cash fell
Bank deposits 0 NOK → -198.1k NOK (None YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -49.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 NOK → 90.3k NOK (0% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 423.2k NOK → 515.1k NOK (+21.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact