FirmaIQ
Org.nr 988 578 932 2020 → 2021 Year-over-year analysis

SMARTDOK AS: årsregnskap 2021 vs 2020

Grew 28% on revenue, stronger earnings

approved 21.04.2022; registry 22.06.2022; journal 2022 485583

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for SMARTDOK AS. Revenue 78.44m NOK → 100.73m NOK (+28.4%). Net result +20.86m NOK → +29.06m NOK. Equity 31.85m NOK → 60.91m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for SMARTDOK AS.

At a glance

Scorecard

Revenue
78.44m NOK 100.73m NOK
+28.4%
Operating result
+28.70m NOK +39.23m NOK
+36.7%
Net result
+20.86m NOK +29.06m NOK
+39.3%
Equity
31.85m NOK 60.91m NOK
+91.2%
Cash
73.22m NOK 112.75m NOK
+54.0%
Total assets
83.72m NOK 123.74m NOK
+47.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 78.44m NOK to 100.73m NOK (+28.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +28.70m NOK → +39.23m NOK (op. margin 36.6% → 38.9%). Calculated

  • ↑

    Net result improved

    Net result +20.86m NOK → +29.06m NOK (net margin 26.6% → 28.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 31.85m NOK → 60.91m NOK (equity ratio 38.1% → 49.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 73.22m NOK → 112.75m NOK (+54.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 29.81m NOK → 40.30m NOK (38% → 40% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 7.23m NOK → 4.26m NOK (-41.0% YoY). Calculated