ADETA AS: årsregnskap 2021 vs 2020
Grew 41% on revenue, stronger earnings
approved 2022-06-07; registry 2022-07-05; journal 2022 620864
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADETA AS. Revenue 5.29m NOK → 7.45m NOK (+40.8%). Net result +410.7k NOK → +906.6k NOK. Equity 806.9k NOK → 393.5k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADETA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.29m NOK to 7.45m NOK (+40.8% YoY). Calculated
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Net result improved
Net result +410.7k NOK → +906.6k NOK (net margin 7.8% → 12.2%). Calculated
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Cash rose
Bank deposits 548.2k NOK → 677.5k NOK (+23.6% YoY). Calculated
What deteriorated
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Operating result weakened
Operating result +541.7k NOK → +1 195 NOK (op. margin 10.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 806.9k NOK → 393.5k NOK (equity ratio 30.1% → 10.8%). Calculated
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Current ratio dropped below 1×
Current ratio 5.25× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 590.9k NOK → 930.5k NOK (11% → 12% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.75m NOK → 4.70m NOK (+25.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 73.2k NOK → 938.1k NOK. Reported fact