Org.nr 974 442 167 2020 → 2021 Year-over-year analysis

BOUVET ASA: årsregnskap 2021 vs 2020

Shrank 12% on revenue, stronger earnings, fresh owner capital

approved 2022-05-19; registry 2022-06-23; journal 2022 496772

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for BOUVET ASA. Revenue 442.0k NOK → 389.0k NOK (-12.0%). Net result +284.0k NOK → +238.05m NOK. Equity 144.3k NOK → 128.67m NOK.

On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for BOUVET ASA.

Scorecard

Revenue
442.0k NOK 389.0k NOK
-12.0%
Operating result
-3 653 NOK -4.12m NOK
-112629.3%
Net result
+284.0k NOK +238.05m NOK
+83712.6%
Equity
144.3k NOK 128.67m NOK
+89096.4%
Cash
33.88m NOK 65.46m NOK
+93.2%
Total assets
522.4k NOK 486.17m NOK
+92970.7%

What improved

  • ↑

    Net result improved

    Net result +284.0k NOK → +238.05m NOK (net margin 64.3% → 61194.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 144.3k NOK → 128.67m NOK (equity ratio 27.6% → 26.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 33.88m NOK → 65.46m NOK (+93.2% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 39.85m NOK → 61.42m NOK (+21.57m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 442.0k NOK to 389.0k NOK (-12.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -3 653 NOK → -4.12m NOK (op. margin -0.8% → -1058.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.58bn NOK → 1.79bn NOK (357391% → 460161% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 5.31m NOK → 5.33m NOK (+0.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 204.6k NOK → 212.8k NOK. Reported fact