ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, slipped into loss
approved 2022-05-23; registry 2022-05-25; journal 2022 344354
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADD ON FITNESS INTERNATIONAL AS. Revenue 943.7k NOK → 1 139 NOK (-99.9%). Net result +344.8k NOK → -278.4k NOK. Equity 945.8k NOK → 667.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.49m NOK → 780.3k NOK (158% → 68511% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 943.7k NOK to 1 139 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +285.9k NOK → -15.8k NOK (op. margin 30.3% → -1384.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 344.8k NOK profit to a loss of 278.4k NOK. Calculated
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↓
Equity eroded
Book equity 945.8k NOK → 667.4k NOK (equity ratio 64.1% → 54.0%). Calculated
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↓
Cash fell
Bank deposits 243.7k NOK → 185.4k NOK (-23.9% YoY). Calculated