GRUNDR AS: årsregnskap 2021 vs 2020
Shrank 90% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-12; journal 2022 688138
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for GRUNDR AS. Revenue 1.13m NOK → 110.4k NOK (-90.2%). Net result +72.8k NOK → +156.5k NOK. Equity 8.11m NOK → 269.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for GRUNDR AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +85.3k NOK → +122.8k NOK (op. margin 7.6% → 111.3%). Calculated
-
↑
Net result improved
Net result +72.8k NOK → +156.5k NOK (net margin 6.5% → 141.8%). Calculated
-
↑
Cash rose
Bank deposits 9 571 NOK → 11.7k NOK (+22.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.13m NOK to 110.4k NOK (-90.2% YoY). Calculated
-
↓
Equity eroded
Book equity 8.11m NOK → 269.0k NOK (equity ratio 2901.6% → 62.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost -11.2k NOK → 2 NOK (-1% → 0% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 7.19m NOK → 267.9k NOK. Reported fact