Org.nr 898 097 102 2020 → 2021 Year-over-year analysis

ADDBIZ AS: årsregnskap 2021 vs 2020

Slipped into loss, cash halved-plus

approved 2022-05-22; registry 2022-06-08; journal 2022 428459

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADDBIZ AS. Net result +2.78m NOK → -293.8k NOK. Equity 3.12m NOK → 2.83m NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADDBIZ AS.

At a glance

Operating result

-14.0k NOK -23.1k NOK

-65.0%

Net result

+2.78m NOK -293.8k NOK

-110.6%

Equity

3.12m NOK 2.83m NOK

-9.4%

Cash

1.10m NOK 280.3k NOK

-74.6%

Total assets

3.15m NOK 2.85m NOK

-9.3%

↓
Operating result weakened

Operating result -14.0k NOK → -23.1k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 2.78m NOK profit to a loss of 293.8k NOK. Calculated
↓
Equity eroded

Book equity 3.12m NOK → 2.83m NOK (equity ratio 99.2% → 99.1%). Calculated
↓
Cash fell

Bank deposits 1.10m NOK → 280.3k NOK (-74.6% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.10m NOK → 280.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 1.72m NOK → 1 720 NOK. Reported fact