Org.nr 916 150 261 2020 → 2021 Year-over-year analysis

ADMIR TRANSPORT AS: årsregnskap 2021 vs 2020

Grew 59% on revenue, returned to profit, cash halved-plus

approved 2023-02-13; registry 2023-02-15; journal 2023 306467

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADMIR TRANSPORT AS. Revenue 9.82m NOK → 15.63m NOK (+59.1%). Net result -848.4k NOK → +644.4k NOK. Equity 12 NOK → 15.39m NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADMIR TRANSPORT AS.

Scorecard

Revenue
9.82m NOK 15.63m NOK
+59.1%
Operating result
-612.0k NOK n/m
—
Net result
-848.4k NOK +644.4k NOK
+176.0%
Equity
12 NOK 15.39m NOK
+128256891.7%
Cash
224.2k NOK 93.3k NOK
-58.4%
Total assets
7.60m NOK 7.10m NOK
-6.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.82m NOK to 15.63m NOK (+59.1% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 848.4k NOK to a profit of 644.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 12 NOK → 15.39m NOK (equity ratio 0.0% → 216.9%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 224.2k NOK → 93.3k NOK (-58.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 97.5k NOK → 9 429 NOK (-90.3% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 4.9 → 8.4. Reported fact