ADOLF HORNELAND AS: årsregnskap 2021 vs 2020
Grew 21% on revenue
approved 2022-04-06; registry 2022-04-28; journal 2022 195838
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADOLF HORNELAND AS. Revenue 511.6k NOK → 618.4k NOK (+20.9%). Net result +555.8k NOK → +569.6k NOK. Equity 5.87m NOK → 5.44m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 511.6k NOK to 618.4k NOK (+20.9% YoY). Calculated
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↑
Operating result improved
Operating result +240.6k NOK → +376.4k NOK (op. margin 47.0% → 60.9%). Calculated
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Payroll decreased
Salary cost 619.6k NOK → 1 619 NOK (121% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.87m NOK → 5.44m NOK (equity ratio 86.6% → 78.9%). Calculated
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↓
Cash fell
Bank deposits 993.9k NOK → 882.5k NOK (-11.2% YoY). Calculated