ADITECH AS: årsregnskap 2021 vs 2020
Shrank 17% on revenue, returned to profit
approved 2022-06-29; registry 2022-07-27; journal 2022 802980
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADITECH AS. Revenue 253.7k NOK → 209.4k NOK (-17.5%). Net result -26.1k NOK → +12.6k NOK. Equity 4 315 NOK → 16.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADITECH AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -25.2k NOK → +12.6k NOK (op. margin -9.9% → 6.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 26.1k NOK to a profit of 12.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 4 315 NOK → 16.9k NOK (equity ratio 2.6% → 11.6%). Calculated
-
↑
Payroll decreased
Salary cost 171.4k NOK → 129.1k NOK (68% → 62% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 253.7k NOK to 209.4k NOK (-17.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 139.4k NOK → 137.3k NOK (-1.5% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 64.7k NOK → 28.9k NOK (-55.4% YoY). Calculated