NORDIC VAGABONDS AS: årsregnskap 2021 vs 2020
Grew 218% on revenue, returned to profit
approved 2022-06-13; registry 2022-06-15; journal 2022 458003
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for NORDIC VAGABONDS AS. Revenue 304.9k NOK → 969.1k NOK (+217.8%). Net result -133.5k NOK → +5 562 NOK. Equity -232.7k NOK → -227.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for NORDIC VAGABONDS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 304.9k NOK to 969.1k NOK (+217.8% YoY). Calculated
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Operating result improved
Operating result -34.4k NOK → +8 080 NOK (op. margin -11.3% → 0.8%). Calculated
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Turned profitable
Net result flipped from a loss of 133.5k NOK to a profit of 5 562 NOK. Calculated
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Equity strengthened
Book equity -232.7k NOK → -227.2k NOK (equity ratio 609.6% → -282.4%). Calculated
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Cash rose
Bank deposits -53.7k NOK → -30.3k NOK (+43.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -282.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 15.6k NOK → 4.41m NOK (5% → 455% of revenue). Calculated
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COGS moved
COGS / varekostnad 166.1k NOK → 821.7k NOK (+394.7% YoY). Calculated