FirmaIQ
Org.nr 992 564 113 2020 → 2021 Year-over-year analysis

ADDOVATION AS: årsregnskap 2021 vs 2020

Grew 26% on revenue

approved 2022-06-17; registry 2022-08-18; journal 2022 880215

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADDOVATION AS. Revenue 56.53m NOK → 71.11m NOK (+25.8%). Net result +7.89m NOK → +7.84m NOK. Equity 15.36m NOK → 19.20m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened.

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Scorecard

Revenue
56.53m NOK 71.11m NOK
+25.8%
Operating result
+2.74m NOK +10.17m NOK
+271.2%
Net result
+7.89m NOK +7.84m NOK
-0.7%
Equity
15.36m NOK 19.20m NOK
+25.0%
Cash
15.25m NOK 24.25m NOK
+59.0%
Total assets
32.74m NOK 48.63m NOK
+48.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 56.53m NOK to 71.11m NOK (+25.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.74m NOK → +10.17m NOK (op. margin 4.8% → 14.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 15.36m NOK → 19.20m NOK (equity ratio 46.9% → 39.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 15.25m NOK → 24.25m NOK (+59.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.19m NOK → 32.83m NOK (6% → 46% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 15.31m NOK → 12.77m NOK (-16.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 2.11m NOK → 2.17m NOK. Reported fact