FirmaIQ
Org.nr 921 688 296 2020 → 2021 Year-over-year analysis

ADDITECH AS: årsregnskap 2021 vs 2020

Grew 91939% on revenue, weaker earnings, cash halved-plus

approved 2022-06-21; registry 2022-07-04; journal 2022 605754

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADDITECH AS. Revenue 1 071 NOK → 985.7k NOK (+91939.0%). Net result +3.23m NOK → +916.4k NOK. Equity 3.25m NOK → 1.17m NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADDITECH AS.

At a glance

Scorecard

Revenue
1 071 NOK 985.7k NOK
+91939.0%
Operating result
+289.7k NOK +1 197 NOK
-99.6%
Net result
+3.23m NOK +916.4k NOK
-71.6%
Equity
3.25m NOK 1.17m NOK
-64.0%
Cash
6.51m NOK 3.06m NOK
-53.1%
Total assets
11.25m NOK 12.24m NOK
+8.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 071 NOK to 985.7k NOK (+91939.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7 230 NOK → 10 NOK (675% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +289.7k NOK → +1 197 NOK (op. margin 27053.6% → 0.1%). Calculated

  • ↓

    Net result weakened

    Net result +3.23m NOK → +916.4k NOK (net margin 301391.4% → 93.0%). Calculated

  • ↓

    Equity eroded

    Book equity 3.25m NOK → 1.17m NOK (equity ratio 28.9% → 9.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.51m NOK → 3.06m NOK (-53.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation