ADELSMANN AS: årsregnskap 2021 vs 2020
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2022-05-24; registry 2022-06-09; journal 2022 351228
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADELSMANN AS. Revenue 8.63m NOK → 9.37m NOK (+8.6%). Net result +60.9k NOK → +182.6k NOK. Equity 1.98m NOK → 2.17m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.63m NOK to 9.37m NOK (+8.6% YoY). Calculated
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Operating result improved
Operating result +123.4k NOK → +293.3k NOK (op. margin 1.4% → 3.1%). Calculated
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Net result improved
Net result +60.9k NOK → +182.6k NOK (net margin 0.7% → 1.9%). Calculated
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Equity strengthened
Book equity 1.98m NOK → 2.17m NOK. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 717.3k NOK → 332.4k NOK (-53.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.40m NOK → 2.69m NOK (28% → 29% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.14m NOK → 4.52m NOK (+9.2% YoY). Calculated