ADOLFSEN SERVICE AS: årsregnskap 2021 vs 2020
Grew 84% on revenue, stronger earnings, cash halved-plus
approved 2022-06-20; registry 2022-07-18; journal 2022 733146
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADOLFSEN SERVICE AS. Revenue 1.87m NOK → 3.45m NOK (+84.3%). Net result +36.3k NOK → +714.1k NOK. Equity 978.4k NOK → 692.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADOLFSEN SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.87m NOK to 3.45m NOK (+84.3% YoY). Calculated
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Operating result improved
Operating result +50.6k NOK → +915.6k NOK (op. margin 2.7% → 26.5%). Calculated
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Net result improved
Net result +36.3k NOK → +714.1k NOK (net margin 1.9% → 20.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 978.4k NOK → 692.5k NOK. Calculated
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↓
Cash fell
Bank deposits 566.0k NOK → 190.2k NOK (-66.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.94× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 356.3k NOK → 511.8k NOK (19% → 15% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.06m NOK → 1.37m NOK (+29.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact