ADLER REKLAME AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, slipped into loss
registry 2022-09-13; journal 2022 924531
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADLER REKLAME AS. Revenue 1.26m NOK → 1.46m NOK (+15.3%). Net result +221.5k NOK → -228.6k NOK. Equity 5.28m NOK → 48.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADLER REKLAME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.26m NOK to 1.46m NOK (+15.3% YoY). Calculated
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↑
Cash rose
Bank deposits 42.4k NOK → 159.6k NOK (+276.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +288.6k NOK → -222.9k NOK (op. margin 22.8% → -15.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 221.5k NOK profit to a loss of 228.6k NOK. Calculated
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↓
Equity eroded
Book equity 5.28m NOK → 48.5k NOK (equity ratio 828.8% → 7.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 52.9k NOK → 2.45m NOK (4% → 168% of revenue). Calculated
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COGS moved
COGS / varekostnad 435.6k NOK → 596.8k NOK (+37.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 49.3k NOK → 87.1k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 0.1 → 1. Reported fact