ADAVA HOLDING AS: årsregnskap 2021 vs 2020
Grew 113616% on revenue, slipped into loss, cash halved-plus
approved 2022-06-29; registry 2022-07-02; journal 2022 586974
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAVA HOLDING AS. Revenue 3 325 NOK → 3.78m NOK (+113616.5%). Net result +1.50m NOK → -62.2k NOK. Equity 1.33m NOK → 4.77m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAVA HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3 325 NOK to 3.78m NOK (+113616.5% YoY). Calculated
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Equity strengthened
Book equity 1.33m NOK → 4.77m NOK (equity ratio 60.6% → 293.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.93m NOK → -67.1k NOK (op. margin 57917.3% → -1.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.50m NOK profit to a loss of 62.2k NOK. Calculated
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↓
Cash fell
Bank deposits 1.71m NOK → 602.1k NOK (-64.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.71m NOK → 602.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1 029 NOK → 1.84m NOK (31% → 49% of revenue). Calculated
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COGS moved
COGS / varekostnad 129.7k NOK → 581.6k NOK (+348.4% YoY). Calculated