ADMINETT AS: årsregnskap 2021 vs 2020
Grew 766% on revenue, stronger earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-27; journal 2022 797438
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMINETT AS. Revenue 114.0k NOK → 987.2k NOK (+766.0%). Net result +1.83m NOK → +2.38m NOK. Equity 12.56m NOK → 11.44m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADMINETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 114.0k NOK to 987.2k NOK (+766.0% YoY). Calculated
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↑
Operating result improved
Operating result +46.5k NOK → +815.8k NOK (op. margin 40.8% → 82.6%). Calculated
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Net result improved
Net result +1.83m NOK → +2.38m NOK (net margin 1607.7% → 241.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.56m NOK → 11.44m NOK (equity ratio 96.4% → 81.3%). Calculated
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↓
Cash fell
Bank deposits 480.1k NOK → 156.7k NOK (-67.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 39.6k NOK → 1.13m NOK (35% → 115% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 373.9k NOK → 363.9k NOK. Reported fact