FirmaIQ
Org.nr 992 122 110 2020 → 2021 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2021 vs 2020

Shrank 22% on revenue, stronger earnings

approved 2022-06-30; registry 2022-07-19; journal 2022 664874

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADAX NORGE AS. Revenue 6.52m NOK → 5.10m NOK (-21.8%). Net result +97.8k NOK → +8.12m NOK. Equity 1.29m NOK → 1.41m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

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

At a glance

Scorecard

Revenue
6.52m NOK 5.10m NOK
-21.8%
Operating result
+144.4k NOK +169.5k NOK
+17.4%
Net result
+97.8k NOK +8.12m NOK
+8199.6%
Equity
1.29m NOK 1.41m NOK
+9.2%
Cash
20.2k NOK 31.5k NOK
+55.9%
Total assets
1.83m NOK 3.10m NOK
+69.5%

What improved

  • ↑

    Operating result improved

    Operating result +144.4k NOK → +169.5k NOK (op. margin 2.2% → 3.3%). Calculated

  • ↑

    Net result improved

    Net result +97.8k NOK → +8.12m NOK (net margin 1.5% → 159.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.29m NOK → 1.41m NOK (equity ratio 70.7% → 45.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 20.2k NOK → 31.5k NOK (+55.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 613.0k NOK → 594.8k NOK (9% → 12% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.52m NOK to 5.10m NOK (-21.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.91m NOK → 3.58m NOK (-27.1% YoY). Calculated