KEEP EXPANDING AS: årsregnskap 2021 vs 2020
Grew 7111% on revenue, weaker earnings
approved 2022-06-29; registry 2022-07-18; journal 2022 729532
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for KEEP EXPANDING AS. Revenue 5 962 NOK → 429.9k NOK (+7110.6%). Net result +2.39m NOK → +1.75m NOK. Equity 4.02m NOK → 4.17m 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; book investments changed. All figures are taken from the published annual accounts for KEEP EXPANDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5 962 NOK to 429.9k NOK (+7110.6% YoY). Calculated
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Equity strengthened
Book equity 4.02m NOK → 4.17m NOK (equity ratio 59.1% → 79.4%). Calculated
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Cash rose
Bank deposits 3 098 NOK → 14.9k NOK (+382.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2 843 NOK → -285.4k NOK (op. margin 47.7% → -66.4%). Calculated
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↓
Net result weakened
Net result +2.39m NOK → +1.75m NOK (net margin 40080.5% → 407.9%). Calculated
Things to notice
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Payroll increased
Salary cost 1 498 NOK → 61.7k NOK (25% → 14% of revenue). Calculated
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COGS fell
COGS / varekostnad 976.7k NOK → 56.1k NOK (-94.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 1 752 NOK → 3 673 NOK. Reported fact