Org.nr 922 772 274 2020 → 2021 Year-over-year analysis

ADEN AS: årsregnskap 2021 vs 2020

Another loss-making year

approved 2022-05-21; registry 2022-05-24; journal 2022 334810

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADEN AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -7 996 NOK → -6 802 NOK. Equity 10.2k NOK → 3 447 NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEN AS.

At a glance

Revenue

0 NOK 0 NOK

0.0%

Operating result

-8 000 NOK -6 802 NOK

+15.0%

Net result

-7 996 NOK -6 802 NOK

+14.9%

Equity

10.2k NOK 3 447 NOK

-66.4%

Cash

18.2k NOK 11.4k NOK

-37.3%

Total assets

118.2k NOK 111.4k NOK

-5.8%

↑
Operating result improved

Operating result -8 000 NOK → -6 802 NOK. Calculated
↑
Net result improved

Net result -7 996 NOK → -6 802 NOK. Calculated

↓
Equity eroded

Book equity 10.2k NOK → 3 447 NOK (equity ratio 8.7% → 3.1%). Calculated
↓
Cash fell

Bank deposits 18.2k NOK → 11.4k NOK (-37.3% YoY). Calculated

·
Thin equity buffer

Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation