ARGEO ASA: årsregnskap 2021 vs 2020
Grew 23% on revenue, returned to profit, fresh owner capital
approved 2022-06-16; registry 2022-08-03; journal 2022 772980
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ARGEO ASA. Revenue 12.83m NOK → 15.84m NOK (+23.4%). Net result -47.8k NOK → +3.37m NOK. Equity 7.04m NOK → 170.33m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ARGEO ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12.83m NOK to 15.84m NOK (+23.4% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 47.8k NOK to a profit of 3.37m NOK. Calculated
-
↑
Equity strengthened
Book equity 7.04m NOK → 170.33m NOK (equity ratio 100.1% → 100.0%). Calculated
-
↑
Cash rose
Bank deposits 54.1k NOK → 52.62m NOK (+97184.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio -180.15× → 1532.38×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -62.5k NOK → -2.17m NOK (op. margin -0.5% → -13.7%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 402 NOK → 17.4k NOK (+4238.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 5.68m NOK → 55.68m NOK. Reported fact