ADIGO RENEWABLES AS: årsregnskap 2021 vs 2020
Grew 360647% on revenue, returned to profit
approved 2022-06-21; registry 2022-06-25; journal 2022 506321
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADIGO RENEWABLES AS. Revenue 2 247 NOK → 8.11m NOK (+360646.6%). Net result -163.5k NOK → +170.1k NOK. Equity -143.5k NOK → 26.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADIGO RENEWABLES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 247 NOK to 8.11m NOK (+360646.6% YoY). Calculated
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Operating result improved
Operating result -163.5k NOK → +257.0k NOK (op. margin -7275.7% → 3.2%). Calculated
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Turned profitable
Net result flipped from a loss of 163.5k NOK to a profit of 170.1k NOK. Calculated
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Equity strengthened
Book equity -143.5k NOK → 26.6k NOK (equity ratio -27.1% → 6.5%). Calculated
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Cash rose
Bank deposits 30.0k NOK → 3.53m NOK (+11660.1% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1 754 NOK → 1.92m NOK (78% → 24% of revenue). Calculated
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COGS fell
COGS / varekostnad 364.7k NOK → 98.9k NOK (-72.9% YoY). Calculated