FirmaIQ
Org.nr 912 197 204 2020 → 2021 Year-over-year analysis

ADKEM NORDIC AS: årsregnskap 2021 vs 2020

Shrank 41% on revenue, stronger earnings, cash halved-plus

approved 2022-06-13; registry 2022-06-16; journal 2022 464889

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADKEM NORDIC AS. Revenue 35.1k NOK → 20.6k NOK (-41.3%). Net result -45.3k NOK → -4 024 NOK. Equity -621.2k NOK → -625.3k NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADKEM NORDIC AS.

At a glance

Scorecard

Revenue
35.1k NOK 20.6k NOK
-41.3%
Operating result
+23.9k NOK -3 999 NOK
-116.7%
Net result
-45.3k NOK -4 024 NOK
+91.1%
Equity
-621.2k NOK -625.3k NOK
-0.6%
Cash
10.7k NOK 944 NOK
-91.1%
Total assets
0 NOK 944 NOK
—

What improved

  • ↑

    Net result improved

    Net result -45.3k NOK → -4 024 NOK (net margin -129.2% → -19.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 35.1k NOK to 20.6k NOK (-41.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +23.9k NOK → -3 999 NOK (op. margin 68.3% → -19.4%). Calculated

  • ↓

    Equity eroded

    Book equity -621.2k NOK → -625.3k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 10.7k NOK → 944 NOK (-91.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -66234.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation