GELATO ASA: årsregnskap 2021 vs 2020
Grew 37% on revenue, weaker earnings, cash halved-plus
approved 2022-06-21; registry 2022-08-03; journal 2022 777804
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for GELATO ASA. Revenue 630.55m NOK → 865.29m NOK (+37.2%). Net result -72.07m NOK → -142.60m NOK. Equity 127.98m NOK → 57.06m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for GELATO ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 630.55m NOK to 865.29m NOK (+37.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 494.42m NOK → 540.09m NOK (+45.67m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -94.91m NOK → -182.45m NOK (op. margin -15.1% → -21.1%). Calculated
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Net result weakened
Net result -72.07m NOK → -142.60m NOK (net margin -11.4% → -16.5%). Calculated
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Equity eroded
Book equity 127.98m NOK → 57.06m NOK (equity ratio 37.6% → 17.4%). Calculated
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Cash fell
Bank deposits 142.18m NOK → 47.33m NOK (-66.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (142.18m NOK → 47.33m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 118.04m NOK → 5.17bn NOK (19% → 598% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.28bn NOK → 14.59bn NOK (+2.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 16.92m NOK → 21.81m NOK. Reported fact