FirmaIQ
Org.nr 983 847 412 2020 → 2021 Year-over-year analysis

ADCARE AS: årsregnskap 2021 vs 2020

A steady year on the published lines

approved 2022-06-23; registry 2022-06-29; journal 2022 536346

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADCARE AS. Revenue 41.48m NOK → 40.69m NOK (-1.9%). Net result +4.22m NOK → +4.94m NOK. Equity 4.72m NOK → 3.66m NOK.

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

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

At a glance

Scorecard

Revenue
41.48m NOK 40.69m NOK
-1.9%
Operating result
+4.75m NOK +5.31m NOK
+11.8%
Net result
+4.22m NOK +4.94m NOK
+17.0%
Equity
4.72m NOK 3.66m NOK
-22.4%
Cash
347.2k NOK 517.7k NOK
+49.1%
Total assets
15.57m NOK 17.49m NOK
+12.3%

What improved

  • ↑

    Operating result improved

    Operating result +4.75m NOK → +5.31m NOK (op. margin 11.5% → 13.1%). Calculated

  • ↑

    Net result improved

    Net result +4.22m NOK → +4.94m NOK (net margin 10.2% → 12.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 347.2k NOK → 517.7k NOK (+49.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 41.48m NOK to 40.69m NOK (-1.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 4.72m NOK → 3.66m NOK (equity ratio 30.3% → 20.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 8.56m NOK → 8.87m NOK (21% → 22% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 21.01m NOK → 18.79m NOK (-10.6% YoY). Calculated