ADMIN AS: årsregnskap 2021 vs 2020
Shrank 9% on revenue, weaker earnings
approved 2022-05-23; registry 2022-05-25; journal 2022 345242
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMIN AS. Revenue 695.6k NOK → 633.1k NOK (-9.0%). Net result +441.7k NOK → +312.5k NOK. Equity 829.7k NOK → 95.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.12m NOK → 77.6k NOK (449% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 695.6k NOK to 633.1k NOK (-9.0% YoY). Calculated
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↓
Operating result weakened
Operating result +392.9k NOK → +330.6k NOK (op. margin 56.5% → 52.2%). Calculated
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↓
Net result weakened
Net result +441.7k NOK → +312.5k NOK (net margin 63.5% → 49.4%). Calculated
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↓
Equity eroded
Book equity 829.7k NOK → 95.8k NOK (equity ratio 242.9% → 6.5%). Calculated
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↓
Cash fell
Bank deposits 113.0k NOK → 76.3k NOK (-32.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 322.9k NOK → 341.4k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0.5 → 1. Reported fact