ADJUVANTE AS: årsregnskap 2021 vs 2020
Grew 998% on revenue, returned to profit, cash halved-plus
approved 2022-05-16; registry 2022-05-25; journal 2022 341784
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADJUVANTE AS. Revenue 449.0k NOK → 4.93m NOK (+998.3%). Net result -64.7k NOK → +2.41m NOK. Equity 4.17m NOK → 2.58m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 449.0k NOK to 4.93m NOK (+998.3% YoY). Calculated
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↑
Operating result improved
Operating result -43.0k NOK → +3.40m NOK (op. margin -9.6% → 68.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 64.7k NOK to a profit of 2.41m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.17m NOK → 2.58m NOK (equity ratio 94.7% → 57.6%). Calculated
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↓
Cash fell
Bank deposits 904.8k NOK → 215.7k NOK (-76.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 106 NOK → 1.15m NOK (0% → 23% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 15.9k NOK → 45.9k NOK. Reported fact