ADMMIT AS: årsregnskap 2021 vs 2020
Grew 33% on revenue, stronger earnings, cash halved-plus
approved 2022-03-11; registry 2022-03-21; journal 2022 152319
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMMIT AS. Revenue 12.55m NOK → 16.63m NOK (+32.5%). Net result +817.3k NOK → +1.38m NOK. Equity 4.83m NOK → 7.39m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMMIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.55m NOK to 16.63m NOK (+32.5% YoY). Calculated
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Operating result improved
Operating result +1.05m NOK → +1.14m NOK (op. margin 8.3% → 6.9%). Calculated
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Net result improved
Net result +817.3k NOK → +1.38m NOK (net margin 6.5% → 8.3%). Calculated
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Equity strengthened
Book equity 4.83m NOK → 7.39m NOK (equity ratio 44.1% → 55.3%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 1.25×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 901.5k NOK → 40.0k NOK (-95.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.45m NOK → 5.28m NOK (28% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 176.6k NOK → 189.1k NOK (+7.1% YoY). Calculated