FirmaIQ
Org.nr 989 218 190 2020 → 2021 Year-over-year analysis

ADAKS HOLDING AS: årsregnskap 2021 vs 2020

Shrank 29% on revenue, stronger earnings, cash halved-plus

approved 2022-06-23; registry 2022-06-29; journal 2022 528060

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADAKS HOLDING AS. Revenue 8.10m NOK → 5.79m NOK (-28.6%). Net result +3 989 NOK → +3.15m NOK. Equity 6.78m NOK → 9.93m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAKS HOLDING AS.

At a glance

Scorecard

Revenue
8.10m NOK 5.79m NOK
-28.6%
Operating result
+2.35m NOK +4.22m NOK
+79.2%
Net result
+3 989 NOK +3.15m NOK
+78916.5%
Equity
6.78m NOK 9.93m NOK
+46.5%
Cash
195.6k NOK 70.5k NOK
-64.0%
Total assets
33.18m NOK 23.70m NOK
-28.6%

What improved

  • ↑

    Operating result improved

    Operating result +2.35m NOK → +4.22m NOK (op. margin 29.0% → 72.9%). Calculated

  • ↑

    Net result improved

    Net result +3 989 NOK → +3.15m NOK (net margin 0.0% → 54.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.78m NOK → 9.93m NOK (equity ratio 20.4% → 41.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.10m NOK to 5.79m NOK (-28.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 195.6k NOK → 70.5k NOK (-64.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 194.5k NOK → 90.2k NOK (-53.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 5.12m NOK → 225.0k NOK. Reported fact