ADD MEDIA AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, returned to profit
approved 2022-05-20; registry 2022-06-02; journal 2022 398511
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADD MEDIA AS. Revenue 1.60m NOK → 1.47m NOK (-8.3%). Net result -1.96m NOK → +366.9k NOK. Equity 2.89m NOK → 3.26m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -199.2k NOK → -140.8k NOK (op. margin -12.5% → -9.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 1.96m NOK to a profit of 366.9k NOK. Calculated
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↑
Equity strengthened
Book equity 2.89m NOK → 3.26m NOK (equity ratio 95.3% → 92.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.60m NOK to 1.47m NOK (-8.3% YoY). Calculated
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↓
Cash fell
Bank deposits 1.26m NOK → 969.7k NOK (-22.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 490.7k NOK → 568.3k NOK (31% → 39% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.15m NOK → 950.4k NOK (-17.5% YoY). Calculated