ADMINI EP AS: årsregnskap 2021 vs 2020
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-07; journal 2022 640610
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMINI EP AS. Revenue 532.7k NOK → 604.8k NOK (+13.5%). Net result -360.1k NOK → -524.6k NOK. Equity -196.3k NOK → 310.8k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINI EP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 532.7k NOK to 604.8k NOK (+13.5% YoY). Calculated
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Operating result improved
Operating result -63.8k NOK → +36.1k NOK (op. margin -12.0% → 6.0%). Calculated
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Equity strengthened
Book equity -196.3k NOK → 310.8k NOK (equity ratio -2.1% → 3.2%). Calculated
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Owners injected capital
Paid-in equity rose 558.6k NOK → 590.3k NOK (+31.7k NOK). Reported fact
What deteriorated
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Net result weakened
Net result -360.1k NOK → -524.6k NOK (net margin -67.6% → -86.7%). Calculated
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Cash fell
Bank deposits 219.8k NOK → 22.6k NOK (-89.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.27× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 145.4k NOK → 91.4k NOK (-37.2% YoY). Calculated