Org.nr 992 718 196 2020 → 2021 Year-over-year analysis

NORBIT ASA: årsregnskap 2021 vs 2020

A steady year on the published lines

approved 2022-05-04; registry 2022-06-23; journal 2022 496874

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for NORBIT ASA. Revenue 24.38m NOK → 25.00m NOK (+2.5%). Net result +29.76m NOK → +33.00m NOK. Equity 418.0k NOK → 467.0k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for NORBIT ASA.

Scorecard

Revenue
24.38m NOK 25.00m NOK
+2.5%
Operating result
-14.87m NOK -34.00m NOK
-128.7%
Net result
+29.76m NOK +33.00m NOK
+10.9%
Equity
418.0k NOK 467.0k NOK
+11.7%
Cash
764.0k NOK 1.00m NOK
+30.9%
Total assets
521.18m NOK 649.0k NOK
-99.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 24.38m NOK to 25.00m NOK (+2.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +29.76m NOK → +33.00m NOK (net margin 122.1% → 132.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 418.0k NOK → 467.0k NOK (equity ratio 0.1% → 72.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 764.0k NOK → 1.00m NOK (+30.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -14.87m NOK → -34.00m NOK (op. margin -61.0% → -136.0%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 281.11m NOK → 315.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 18.96m NOK → 27.00m NOK (78% → 108% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 14.29m NOK → 14.36m NOK (+0.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 15.2k NOK → 355.0k NOK. Reported fact