FirmaIQ
Org.nr 979 671 474 2020 → 2021 Year-over-year analysis

ADAPT CONSULTING AS: årsregnskap 2021 vs 2020

Shrank 7% on revenue, stronger earnings, cash halved-plus

approved 2022-03-28; registry 2022-03-31; journal 2022 175113

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADAPT CONSULTING AS. Revenue 1.91m NOK → 1.76m NOK (-7.5%). Net result +564.7k NOK → +685.2k NOK. Equity 1.92m NOK → 10.85m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAPT CONSULTING AS.

At a glance

Scorecard

Revenue
1.91m NOK 1.76m NOK
-7.5%
Operating result
+720.2k NOK +878.3k NOK
+22.0%
Net result
+564.7k NOK +685.2k NOK
+21.3%
Equity
1.92m NOK 10.85m NOK
+465.7%
Cash
2.55m NOK 1.11m NOK
-56.4%
Total assets
2.73m NOK 1.29m NOK
-52.8%

What improved

  • ↑

    Operating result improved

    Operating result +720.2k NOK → +878.3k NOK (op. margin 37.8% → 49.8%). Calculated

  • ↑

    Net result improved

    Net result +564.7k NOK → +685.2k NOK (net margin 29.6% → 38.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.92m NOK → 10.85m NOK (equity ratio 70.3% → 843.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.91m NOK to 1.76m NOK (-7.5% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 2.55m NOK → 1.11m NOK (-56.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 NOK → 2.56m NOK (0% → 145% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 430.6k NOK → 87.5k NOK (-79.7% YoY). Calculated