ADELSTEN AS: årsregnskap 2021 vs 2020
Grew 255% on revenue, slipped into loss, cash halved-plus
approved 2022-06-30; registry 2022-07-04; journal 2022 607854
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADELSTEN AS. Revenue 537.2k NOK → 1.91m NOK (+254.9%). Net result +67.9k NOK → -98.8k NOK. Equity 6.15m NOK → 47.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADELSTEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 537.2k NOK to 1.91m NOK (+254.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +90.0k NOK → -77.1k NOK (op. margin 16.8% → -4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 67.9k NOK profit to a loss of 98.8k NOK. Calculated
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↓
Equity eroded
Book equity 6.15m NOK → 47.4k NOK (equity ratio 854.5% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 477.9k NOK → 15.9k NOK (-96.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.85× → -3.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.23m NOK → 1.79m NOK (+45.6% YoY). Calculated