Org.nr 994 469 800 2020 → 2021 Year-over-year analysis

ADAPTA AVIATION AS: årsregnskap 2021 vs 2020

Weaker earnings

approved 2022-06-07; registry 2022-06-09; journal 2022 434103

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADAPTA AVIATION AS. Net result -223.6k NOK → -399.4k NOK. Equity -1.16m NOK → -1.56m NOK.

On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.

Scorecard

Revenue
465.5k NOK n/m
—
Operating result
-5 465 NOK -512.1k NOK
-9270.8%
Net result
-223.6k NOK -399.4k NOK
-78.6%
Equity
-1.16m NOK -1.56m NOK
-34.5%
Cash
413 NOK 64.4k NOK
+15496.4%
Total assets
1.01m NOK 607.2k NOK
-39.6%

What improved

  • ↑

    Cash rose

    Bank deposits 413 NOK → 64.4k NOK (+15496.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -5 465 NOK → -512.1k NOK. Calculated

  • ↓

    Net result weakened

    Net result -223.6k NOK → -399.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -1.16m NOK → -1.56m NOK (equity ratio -115.2% → -256.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -256.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 23.6k NOK → 544.5k NOK. Reported fact