ADF AS: årsregnskap 2021 vs 2020
Grew 28% on revenue, stronger earnings
approved 2022-04-29; registry 2022-05-02; journal 2022 247099
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADF AS. Revenue 1.67m NOK → 2.14m NOK (+27.9%). Net result +48.2k NOK → +66.2k NOK. Equity 252.2k NOK → 318.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADF AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.67m NOK to 2.14m NOK (+27.9% YoY). Calculated
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Operating result improved
Operating result +92.8k NOK → +112.2k NOK (op. margin 5.6% → 5.3%). Calculated
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Net result improved
Net result +48.2k NOK → +66.2k NOK (net margin 2.9% → 3.1%). Calculated
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Equity strengthened
Book equity 252.2k NOK → 318.3k NOK (equity ratio 19.1% → 5.8%). Calculated
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Cash rose
Bank deposits 72.9k NOK → 299.4k NOK (+310.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation