ADEPTOR AS: årsregnskap 2021 vs 2020
Shrank 13% on revenue, weaker earnings, cash halved-plus
approved 2022-03-28; registry 2022-04-23; journal 2022 186686
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADEPTOR AS. Revenue 71.05m NOK → 61.98m NOK (-12.8%). Net result +5.34m NOK → +3.25m NOK. Equity 9.99m NOK → 11.75m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEPTOR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 9.99m NOK → 11.75m NOK (equity ratio 33.0% → 26.3%). Calculated
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↑
Payroll decreased
Salary cost 7.63m NOK → 7.15m NOK (11% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 71.05m NOK to 61.98m NOK (-12.8% YoY). Calculated
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↓
Operating result weakened
Operating result +7.11m NOK → +4.95m NOK (op. margin 10.0% → 8.0%). Calculated
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↓
Net result weakened
Net result +5.34m NOK → +3.25m NOK (net margin 7.5% → 5.3%). Calculated
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↓
Cash fell
Bank deposits 3.27m NOK → 1.20m NOK (-63.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.27m NOK → 1.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 52.95m NOK → 45.36m NOK (-14.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 106.2k NOK → 772.6k NOK. Reported fact