FirmaIQ
Org.nr 979 953 046 2020 → 2021 Year-over-year analysis

ADOBE SYSTEMS NORGE AS: årsregnskap 2021 vs 2020

Grew 9% on revenue

approved 2022-04-28; registry 2022-05-21; journal 2022 245907

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADOBE SYSTEMS NORGE AS. Revenue 10.03m NOK → 10.95m NOK (+9.2%). Net result +7.11m NOK → +8.24m NOK. Equity 9.15m NOK → 1.38m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADOBE SYSTEMS NORGE AS.

At a glance

Scorecard

Revenue
10.03m NOK 10.95m NOK
+9.2%
Operating result
+9.03m NOK +10.59m NOK
+17.2%
Net result
+7.11m NOK +8.24m NOK
+15.9%
Equity
9.15m NOK 1.38m NOK
-84.9%
Cash
10.26m NOK 7.71m NOK
-24.8%
Total assets
11.79m NOK 20.03m NOK
+69.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.03m NOK to 10.95m NOK (+9.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +9.03m NOK → +10.59m NOK (op. margin 90.1% → 96.7%). Calculated

  • ↑

    Net result improved

    Net result +7.11m NOK → +8.24m NOK (net margin 70.9% → 75.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.72m NOK → 67.2k NOK (57% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 9.15m NOK → 1.38m NOK (equity ratio 77.5% → 6.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.26m NOK → 7.71m NOK (-24.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation