Org.nr 995 785 994 2020 → 2021 Year-over-year analysis

AKASO ELEKTRO AS: årsregnskap 2021 vs 2020

Shrank 5% on revenue, weaker earnings

approved 2022-03-15; registry 2022-03-23; journal 2022 158775

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AKASO ELEKTRO AS. Revenue 28.63m NOK → 27.08m NOK (-5.4%). Net result +1.74m NOK → +1.03m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASO ELEKTRO AS.

At a glance

Revenue

28.63m NOK 27.08m NOK

-5.4%

Operating result

+2.48m NOK +1.60m NOK

-35.5%

Net result

+1.74m NOK +1.03m NOK

-40.8%

Equity

n/m -929.1k NOK

—

Cash

488.6k NOK 573.8k NOK

+17.4%

Total assets

8.60m NOK 8.92m NOK

+3.7%

↓
Revenue fell

Operating income / revenue moved from 28.63m NOK to 27.08m NOK (-5.4% YoY). Calculated
↓
Operating result weakened

Operating result +2.48m NOK → +1.60m NOK (op. margin 8.7% → 5.9%). Calculated
↓
Net result weakened

Net result +1.74m NOK → +1.03m NOK (net margin 6.1% → 3.8%). Calculated
↓
Payroll up without matching revenue

Salary cost 13.85m NOK → 14.17m NOK (48% → 52% of revenue). Calculated

·
COGS fell

COGS / varekostnad 8.97m NOK → 7.96m NOK (-11.3% YoY). Calculated
·
Book investments changed

Investment / intangible book value 115.7k NOK → 125.7k NOK. Reported fact