FirmaIQ
Org.nr 968 326 414 2020 → 2021 Year-over-year analysis

ADOLPH TIDEMANDSGT 20/22 AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-06-29; registry 2022-07-19; journal 2022 665740

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADOLPH TIDEMANDSGT 20/22 AS. Revenue 4.42m NOK → 4.57m NOK (+3.3%). Net result +3.01m NOK → +2.29m NOK. Equity 9.38m NOK → 2.67m NOK.

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

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADOLPH TIDEMANDSGT 20/22 AS.

At a glance

Scorecard

Revenue
4.42m NOK 4.57m NOK
+3.3%
Operating result
+3.66m NOK +2.77m NOK
-24.3%
Net result
+3.01m NOK +2.29m NOK
-24.0%
Equity
9.38m NOK 2.67m NOK
-71.6%
Cash
6.86m NOK 2.25m NOK
-67.2%
Total assets
27.78m NOK 14.84m NOK
-46.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.42m NOK to 4.57m NOK (+3.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +3.66m NOK → +2.77m NOK (op. margin 82.7% → 60.6%). Calculated

  • ↓

    Net result weakened

    Net result +3.01m NOK → +2.29m NOK (net margin 68.1% → 50.1%). Calculated

  • ↓

    Equity eroded

    Book equity 9.38m NOK → 2.67m NOK (equity ratio 33.8% → 18.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.86m NOK → 2.25m NOK (-67.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (6.86m NOK → 2.25m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 51.0k NOK → 77.5k NOK. Reported fact