KONGSBERG AUTOMOTIVE ASA: årsregnskap 2021 vs 2020
Grew 257% on revenue, returned to profit
approved 2022-03-14; registry 2022-07-04; journal 2022 559020
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for KONGSBERG AUTOMOTIVE ASA. Revenue 2.10m NOK → 7.50m NOK (+257.1%). Net result -10.70m NOK → +16.30m NOK. Equity 427.4k NOK → 466.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.10m NOK to 7.50m NOK (+257.1% YoY). Calculated
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Operating result improved
Operating result -1.90m NOK → +3.10m NOK (op. margin -90.5% → 41.3%). Calculated
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Turned profitable
Net result flipped from a loss of 10.70m NOK to a profit of 16.30m NOK. Calculated
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Equity strengthened
Book equity 427.4k NOK → 466.4k NOK (equity ratio 54.0% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 308.5k NOK → 323.4k NOK (+14.9k NOK). Reported fact
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 295.40m NOK → 404.2k NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 646.20m NOK → 732.6k NOK. Reported fact