ADAPTIC AS: årsregnskap 2021 vs 2020
Shrank 23% on revenue, returned to profit, fresh owner capital
approved 2022-06-27; registry 2022-07-14; journal 2022 641808
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAPTIC AS. Revenue 11.27m NOK → 8.71m NOK (-22.7%). Net result -2.20m NOK → +1.10m NOK. Equity 560.9k NOK → 954.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAPTIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -3.21m NOK → +1.35m NOK (op. margin -28.5% → 15.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.20m NOK to a profit of 1.10m NOK. Calculated
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↑
Equity strengthened
Book equity 560.9k NOK → 954.3k NOK (equity ratio 4.9% → 4.9%). Calculated
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↑
Cash rose
Bank deposits 438.2k NOK → 670.4k NOK (+53.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.58× → 1.04×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.27m NOK to 8.71m NOK (-22.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.99m NOK → 2.89m NOK (-27.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 5 250 NOK. Reported fact