ADECCO INDUSTRI AS: årsregnskap 2021 vs 2020
Grew 954% on revenue, weaker earnings, cash halved-plus
approved 2022-06-08; registry 2022-07-27; journal 2022 717778
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADECCO INDUSTRI AS. Revenue 11.52m NOK → 121.33m NOK (+953.6%). Net result -743.0k NOK → -5.68m NOK. Equity 11.06m NOK → 8.88m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADECCO INDUSTRI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.52m NOK to 121.33m NOK (+953.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -660.0k NOK → -5.66m NOK (op. margin -5.7% → -4.7%). Calculated
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↓
Net result weakened
Net result -743.0k NOK → -5.68m NOK (net margin -6.5% → -4.7%). Calculated
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↓
Equity eroded
Book equity 11.06m NOK → 8.88m NOK (equity ratio 84.3% → 22.0%). Calculated
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↓
Cash fell
Bank deposits 12.82m NOK → 5.31m NOK (-58.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 11.06m NOK → 8.88m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 6.71m NOK → 94.99m NOK (58% → 78% of revenue). Calculated