FirmaIQ
Org.nr 916 925 506 2020 → 2021 Year-over-year analysis

ADD-ON AS: årsregnskap 2021 vs 2020

Shrank 9% on revenue, weaker earnings

approved 2022-05-31; registry 2022-06-21; journal 2022 468902

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADD-ON AS. Revenue 10.95m NOK → 9.93m NOK (-9.3%). Net result +606.5k NOK → +284.9k NOK. Equity 2.84m NOK → 1.43m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
10.95m NOK 9.93m NOK
-9.3%
Operating result
+79.9k NOK +635.7k NOK
+695.2%
Net result
+606.5k NOK +284.9k NOK
-53.0%
Equity
2.84m NOK 1.43m NOK
-49.7%
Cash
2.45m NOK 1.43m NOK
-41.5%
Total assets
7.55m NOK 5.50m NOK
-27.2%

What improved

  • ↑

    Operating result improved

    Operating result +79.9k NOK → +635.7k NOK (op. margin 0.7% → 6.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.86m NOK → 1.56m NOK (35% → 16% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.95m NOK to 9.93m NOK (-9.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +606.5k NOK → +284.9k NOK (net margin 5.5% → 2.9%). Calculated

  • ↓

    Equity eroded

    Book equity 2.84m NOK → 1.43m NOK (equity ratio 37.7% → 26.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.45m NOK → 1.43m NOK (-41.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.57m NOK → 6.73m NOK (-11.1% YoY). Calculated