ADAN MACHINERY AS: årsregnskap 2021 vs 2020
Grew 30% on revenue, slipped into loss, cash halved-plus
registry 2023-09-04; journal 2023 722460
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAN MACHINERY AS. Revenue 392.6k NOK → 509.4k NOK (+29.8%). Net result +357.9k NOK → -183.1k NOK. Equity 12.50m NOK → 320.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 392.6k NOK to 509.4k NOK (+29.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +433.4k NOK → -188.1k NOK (op. margin 110.4% → -36.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 357.9k NOK profit to a loss of 183.1k NOK. Calculated
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↓
Equity eroded
Book equity 12.50m NOK → 320.3k NOK (equity ratio 2192.6% → 72.4%). Calculated
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↓
Cash fell
Bank deposits 6 880 NOK → 927 NOK (-86.5% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad -134.6k NOK → 440.5k NOK (+427.3% YoY). Calculated