ADD ENERGY GROUP AS: årsregnskap 2021 vs 2020
Shrank 16% on revenue, slipped into loss
approved 2022-11-07; registry 2022-11-09; journal 2022 942138
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADD ENERGY GROUP AS. Revenue 5.84m NOK → 4.92m NOK (-15.7%). Net result +46.85m NOK → -156.09m NOK. Equity 145.38m NOK → -10.71m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -7.21m NOK → -6.75m NOK (op. margin -123.4% → -137.0%). Calculated
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Payroll decreased
Salary cost 14.13m NOK → 14.12m NOK (242% → 287% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.84m NOK to 4.92m NOK (-15.7% YoY). Calculated
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Fell into a net loss
Net result flipped from 46.85m NOK profit to a loss of 156.09m NOK. Calculated
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↓
Equity eroded
Book equity 145.38m NOK → -10.71m NOK (equity ratio 69478.2% → -17.7%). Calculated
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COGS moved
COGS / varekostnad 20 NOK → 20.65m NOK (+103234900.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 98.53m NOK → 62.63m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 208.0k NOK → 57.31m NOK. Reported fact