Org.nr 973 196 898 2020 → 2021 Year-over-year analysis

AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2021 vs 2020

Grew 68% on revenue, stronger earnings

approved 2022-05-10; registry 2022-05-21; journal 2022 317628

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 176.6k NOK → 296.8k NOK (+68.1%). Net result +25.3k NOK → +118.9k NOK. Equity -150.3k NOK → -31.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.

Scorecard

Revenue
176.6k NOK 296.8k NOK
+68.1%
Operating result
+25.3k NOK +118.9k NOK
+369.4%
Net result
+25.3k NOK +118.9k NOK
+370.4%
Equity
-150.3k NOK -31.4k NOK
+79.1%
Cash
1 622 NOK 15.5k NOK
+858.3%
Total assets
348.9k NOK 15.5k NOK
-95.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 176.6k NOK to 296.8k NOK (+68.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +25.3k NOK → +118.9k NOK (op. margin 14.3% → 40.1%). Calculated

  • ↑

    Net result improved

    Net result +25.3k NOK → +118.9k NOK (net margin 14.3% → 40.1%). Calculated

  • ↑

    Equity strengthened

    Book equity -150.3k NOK → -31.4k NOK (equity ratio -43.1% → -202.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 622 NOK → 15.5k NOK (+858.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -202.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 255.0k NOK → 17.1k NOK (-93.3% YoY). Calculated