Org.nr 983 791 417 2020 → 2021 Year-over-year analysis

ADIANTE AS: årsregnskap 2021 vs 2020

Returned to profit, cash halved-plus

approved 2022-08-31; registry 2022-09-08; journal 2022 922073

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADIANTE AS. Net result -24.2k NOK → +2.15m NOK. Equity 7.06m NOK → 7.89m NOK.

On the constructive side: turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.

Scorecard

Revenue
46.7k NOK n/m
—
Operating result
-123.1k NOK -159.0k NOK
-29.2%
Net result
-24.2k NOK +2.15m NOK
+8978.3%
Equity
7.06m NOK 7.89m NOK
+11.7%
Cash
392.1k NOK -84.3k NOK
-121.5%
Total assets
8.48m NOK 7.89m NOK
-7.0%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 24.2k NOK to a profit of 2.15m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 7.06m NOK → 7.89m NOK (equity ratio 83.3% → 100.0%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -123.1k NOK → -159.0k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 392.1k NOK → -84.3k NOK (-121.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 4 500 NOK → 6.32m NOK. Reported fact