ADEI AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, stronger earnings, cash halved-plus
approved 2022-05-27; registry 2022-05-30; journal 2022 371892
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADEI AS. Revenue 704.7k NOK → 831.5k NOK (+18.0%). Net result +203.0k NOK → +333.4k NOK. Equity 13.23m NOK → 560.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 704.7k NOK to 831.5k NOK (+18.0% YoY). Calculated
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Operating result improved
Operating result +260.2k NOK → +425.5k NOK (op. margin 36.9% → 51.2%). Calculated
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Net result improved
Net result +203.0k NOK → +333.4k NOK (net margin 28.8% → 40.1%). Calculated
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Payroll decreased
Salary cost 2385.20bn NOK → 3 NOK (338481769% → 0% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 13.23m NOK → 560.8k NOK (equity ratio 3125.4% → 306.1%). Calculated
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Cash fell
Bank deposits 244.4k NOK → 7 085 NOK (-97.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.10× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 15.3k NOK → 0 NOK (-100.0% YoY). Calculated