ADMIRAL P AS: årsregnskap 2021 vs 2020
Shrank 82% on revenue, stronger earnings
approved 2022-05-30; registry 2022-07-27; journal 2022 797564
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMIRAL P AS. Revenue 570.7k NOK → 103.2k NOK (-81.9%). Net result +449.4k NOK → +632.0k NOK. Equity 10.48m NOK → 811.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +580.5k NOK → +816.0k NOK (op. margin 101.7% → 790.8%). Calculated
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Net result improved
Net result +449.4k NOK → +632.0k NOK (net margin 78.7% → 612.4%). Calculated
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Cash rose
Bank deposits 478.3k NOK → 690.8k NOK (+44.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 570.7k NOK to 103.2k NOK (-81.9% YoY). Calculated
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Equity eroded
Book equity 10.48m NOK → 811.9k NOK (equity ratio 1248.7% → 215.0%). Calculated
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Current ratio dropped below 1×
Current ratio 2.34× → 0.67× — 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 NOK → 2.74m NOK (0% → 2650% of revenue). Calculated
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COGS moved
COGS / varekostnad 121.6k NOK → 452.9k NOK (+272.5% YoY). Calculated