AJG EIENDOM AS: årsregnskap 2021 vs 2020
Grew 35% on revenue, stronger earnings
approved 2022-06-29; registry 2022-07-06; journal 2022 635037
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AJG EIENDOM AS. Revenue 662.6k NOK → 897.1k NOK (+35.4%). Net result +161.0k NOK → +233.7k NOK. Equity 799.8k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AJG EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 662.6k NOK to 897.1k NOK (+35.4% YoY). Calculated
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Operating result improved
Operating result +443.9k NOK → +543.3k NOK (op. margin 67.0% → 60.6%). Calculated
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Net result improved
Net result +161.0k NOK → +233.7k NOK (net margin 24.3% → 26.1%). Calculated
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Cash rose
Bank deposits 180.9k NOK → 448.0k NOK (+147.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.41× → 4.67×. Calculated
What deteriorated
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Equity eroded
Book equity 799.8k NOK → 100.0k NOK (equity ratio 10.3% → 1.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 631.8k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 829.3k NOK → 826.0k NOK. Reported fact