AD UNDAS AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, weaker earnings
approved 2022-06-17; registry 2022-06-22; journal 2022 493528
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AD UNDAS AS. Revenue 5.33m NOK → 5.73m NOK (+7.5%). Net result +8.36m NOK → +326.1k NOK. Equity 8.32m NOK → 422 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AD UNDAS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.33m NOK to 5.73m NOK (+7.5% YoY). Calculated
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↑
Cash rose
Bank deposits 269.8k NOK → 526.6k NOK (+95.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +530.5k NOK → +478.3k NOK (op. margin 10.0% → 8.3%). Calculated
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↓
Net result weakened
Net result +8.36m NOK → +326.1k NOK (net margin 156.8% → 5.7%). Calculated
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↓
Equity eroded
Book equity 8.32m NOK → 422 NOK (equity ratio 598.7% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 854.9k NOK → 937.5k NOK (16% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.04m NOK → 3.37m NOK (+10.9% YoY). Calculated