AD SALES AS: årsregnskap 2021 vs 2020
Grew 110% on revenue, stronger earnings
approved 2022-05-24; registry 2022-06-09; journal 2022 357074
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AD SALES AS. Revenue 10.12m NOK → 21.21m NOK (+109.6%). Net result +635.8k NOK → +764.6k NOK. Equity 1.21m NOK → -1.17m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AD SALES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.12m NOK to 21.21m NOK (+109.6% YoY). Calculated
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Net result improved
Net result +635.8k NOK → +764.6k NOK (net margin 6.3% → 3.6%). Calculated
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Cash rose
Bank deposits 1.04m NOK → 2.45m NOK (+135.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +838.4k NOK → +20.6k NOK (op. margin 8.3% → 0.1%). Calculated
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↓
Equity eroded
Book equity 1.21m NOK → -1.17m NOK (equity ratio 36.2% → -19.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 7.59m NOK → 15.82m NOK (+108.5% YoY). Calculated