ADAGGIO HOV AS: årsregnskap 2021 vs 2020
Grew 12% on revenue, weaker earnings
approved 2022-03-08; registry 2022-03-14; journal 2022 144687
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAGGIO HOV AS. Revenue 1.41m NOK → 1.58m NOK (+12.1%). Net result +80.7k NOK → +53.3k NOK. Equity 141.5k NOK → 194.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADAGGIO HOV AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.41m NOK to 1.58m NOK (+12.1% YoY). Calculated
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↑
Equity strengthened
Book equity 141.5k NOK → 194.8k NOK (equity ratio 51.7% → 55.3%). Calculated
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↑
Cash rose
Bank deposits 75.0k NOK → 3.12m NOK (+4069.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +106.0k NOK → +70.0k NOK (op. margin 7.5% → 4.4%). Calculated
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↓
Net result weakened
Net result +80.7k NOK → +53.3k NOK (net margin 5.7% → 3.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 611.9k NOK → 678.9k NOK (43% → 43% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 208.8k NOK → 263.1k NOK (+26.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 80.0k NOK → 70.6k NOK. Reported fact