FirmaIQ
Org.nr 924 581 689 2020 → 2021 Year-over-year analysis

ADOLFSEN HOLDING AS: årsregnskap 2021 vs 2020

Returned to profit, cash halved-plus

approved 2022-06-30; registry 2022-07-25; journal 2022 775858

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADOLFSEN HOLDING AS. Net result -21.8k NOK → +1.08m NOK. Equity 8 211 NOK → 1.09m NOK.

On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADOLFSEN HOLDING AS.

At a glance

Scorecard

Revenue
n/m 1 NOK
—
Operating result
-21.8k NOK -47.9k NOK
-119.6%
Net result
-21.8k NOK +1.08m NOK
+5044.0%
Equity
8 211 NOK 1.09m NOK
+13119.6%
Cash
8 211 NOK 3 353 NOK
-59.2%
Total assets
298.0k NOK 92.1k NOK
-69.1%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 21.8k NOK to a profit of 1.08m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 8 211 NOK → 1.09m NOK (equity ratio 2.8% → 1178.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.03× → 121.08×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -21.8k NOK → -47.9k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 8 211 NOK → 3 353 NOK (-59.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 289.7k NOK → 248.7k NOK. Reported fact