Org.nr 999 617 670 2020 → 2021 Year-over-year analysis

ADEKO AS: årsregnskap 2021 vs 2020

Shrank 32% on revenue, weaker earnings, cash halved-plus

registry 2022-08-04; journal 2022 781722

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADEKO AS. Revenue 6.18m NOK → 4.20m NOK (-32.0%). Net result +404.3k NOK → +82.1k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEKO AS.

At a glance

Revenue

6.18m NOK 4.20m NOK

-32.0%

Operating result

+401.9k NOK +25.1k NOK

-93.7%

Net result

+404.3k NOK +82.1k NOK

-79.7%

Cash

221.5k NOK 31.0k NOK

-86.0%

Total assets

3.55m NOK 5.53m NOK

+56.0%

↓
Revenue fell

Operating income / revenue moved from 6.18m NOK to 4.20m NOK (-32.0% YoY). Calculated
↓
Operating result weakened

Operating result +401.9k NOK → +25.1k NOK (op. margin 6.5% → 0.6%). Calculated
↓
Net result weakened

Net result +404.3k NOK → +82.1k NOK (net margin 6.5% → 2.0%). Calculated
↓
Cash fell

Bank deposits 221.5k NOK → 31.0k NOK (-86.0% YoY). Calculated