ADMIN HOLDING AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, weaker earnings, fresh owner capital
approved 2022-06-22; registry 2022-07-26; journal 2022 697324
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMIN HOLDING AS. Revenue 679.4k NOK → 679 NOK (-99.9%). Net result +10.62m NOK → +312.9k NOK. Equity 7.69m NOK → 7.95m NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIN HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +41.9k NOK → +401.1k NOK (op. margin 6.2% → 59067.6%). Calculated
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Equity strengthened
Book equity 7.69m NOK → 7.95m NOK (equity ratio 94.0% → 75.0%). Calculated
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Owners injected capital
Paid-in equity rose 7 652 NOK → 7.95m NOK (+7.94m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 679.4k NOK to 679 NOK (-99.9% YoY). Calculated
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Net result weakened
Net result +10.62m NOK → +312.9k NOK (net margin 1563.2% → 46088.4%). Calculated
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Cash fell
Bank deposits 269.2k NOK → 157.9k NOK (-41.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 612 NOK → 3.39m NOK (0% → 499873% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 7 628 NOK → 15.8k NOK. Reported fact