AQUA BIO TECHNOLOGY ASA: årsregnskap 2021 vs 2020
Grew 20% on revenue, weaker earnings, fresh owner capital
approved 2022-06-09; registry 2022-07-25; journal 2022 685652
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AQUA BIO TECHNOLOGY ASA. Revenue 812.6k NOK → 975.6k NOK (+20.1%). Net result -14.70m NOK → -19.60m NOK. Equity 8.32m NOK → 18.22m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 812.6k NOK to 975.6k NOK (+20.1% YoY). Calculated
-
↑
Equity strengthened
Book equity 8.32m NOK → 18.22m NOK (equity ratio 51.2% → 53.3%). Calculated
-
↑
Cash rose
Bank deposits 5.43m NOK → 13.36m NOK (+146.0% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 8.32m NOK → 51.53m NOK (+43.21m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -16.10m NOK → -18.35m NOK (op. margin -1981.8% → -1880.6%). Calculated
-
↓
Net result weakened
Net result -14.70m NOK → -19.60m NOK (net margin -1809.4% → -2009.3%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 4.94m NOK → 6.78m NOK (607% → 695% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 16.98m NOK → 951.8k NOK (-94.4% YoY). Calculated