ADAM OG EVA JESSHEIM AS: årsregnskap 2021 vs 2020
Grew 17% on revenue, stronger earnings
approved 2022-05-10; registry 2022-06-11; journal 2022 376556
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAM OG EVA JESSHEIM AS. Revenue 5.12m NOK → 5.97m NOK (+16.7%). Net result +444.8k NOK → +803.5k NOK. Equity 12.72m NOK → 23.6k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAM OG EVA JESSHEIM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.12m NOK to 5.97m NOK (+16.7% YoY). Calculated
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Net result improved
Net result +444.8k NOK → +803.5k NOK (net margin 8.7% → 13.5%). Calculated
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Cash rose
Bank deposits 1.69m NOK → 2.18m NOK (+29.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +567.1k NOK → +27.7k NOK (op. margin 11.1% → 0.5%). Calculated
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↓
Equity eroded
Book equity 12.72m NOK → 23.6k NOK (equity ratio 624.7% → 0.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.61m NOK → 2.80m NOK (51% → 47% of revenue). Calculated
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COGS moved
COGS / varekostnad 713.8k NOK → 778.5k NOK (+9.1% YoY). Calculated