ADAMUSIC AS: årsregnskap 2021 vs 2020
Grew 17% on revenue
approved 2022-09-12; registry 2022-09-19; journal 2022 928060
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAMUSIC AS. Revenue 703.6k NOK → 824.1k NOK (+17.1%). Net result +613.3k NOK → +582.2k NOK. Equity 1.44m NOK → 2.82m 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 fell. All figures are taken from the published annual accounts for ADAMUSIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 703.6k NOK to 824.1k NOK (+17.1% YoY). Calculated
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↑
Equity strengthened
Book equity 1.44m NOK → 2.82m NOK (equity ratio 55.6% → 72.0%). Calculated
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↑
Cash rose
Bank deposits 596.8k NOK → 841.3k NOK (+41.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +790.0k NOK → +40.6k NOK (op. margin 112.3% → 4.9%). Calculated
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↓
Net result weakened
Net result +613.3k NOK → +582.2k NOK (net margin 87.2% → 70.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.63m NOK (0% → 319% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 223.5k NOK → 157.5k NOK (-29.5% YoY). Calculated