AJ PRODUKTER AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, stronger earnings, cash halved-plus
approved 2022-03-17; registry 2022-07-11; journal 2022 621596
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AJ PRODUKTER AS. Revenue 349.07m NOK → 441.49m NOK (+26.5%). Net result +10.83m NOK → +18.37m NOK. Equity 29.78m NOK → 30.15m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AJ PRODUKTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 349.07m NOK to 441.49m NOK (+26.5% YoY). Calculated
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Operating result improved
Operating result +14.53m NOK → +23.30m NOK (op. margin 4.2% → 5.3%). Calculated
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Net result improved
Net result +10.83m NOK → +18.37m NOK (net margin 3.1% → 4.2%). Calculated
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Equity strengthened
Book equity 29.78m NOK → 30.15m NOK (equity ratio 30.5% → 23.6%). Calculated
What deteriorated
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Cash fell
Bank deposits 32.07m NOK → 950.4k NOK (-97.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (32.07m NOK → 950.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 17.08m NOK → 23.79m NOK (5% → 5% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.26bn NOK → 4.29bn NOK (+0.6% YoY). Calculated