ADONAI AS: årsregnskap 2021 vs 2020
Grew 11% on revenue, weaker earnings
registry 2023-10-23; journal 2023 735113
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADONAI AS. Revenue 2.93m NOK → 3.26m NOK (+11.2%). Net result -74.0k NOK → -515.1k NOK. Equity -332.0k NOK → -847.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADONAI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.93m NOK to 3.26m NOK (+11.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -82.1k NOK → -510.8k NOK (op. margin -2.8% → -15.7%). Calculated
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↓
Net result weakened
Net result -74.0k NOK → -515.1k NOK (net margin -2.5% → -15.8%). Calculated
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↓
Equity eroded
Book equity -332.0k NOK → -847.1k NOK (equity ratio -30.9% → -75.9%). Calculated
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↓
Cash fell
Bank deposits 561.6k NOK → 530.2k NOK (-5.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -75.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 328.7k NOK → 1.89m NOK (11% → 58% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 656.8k NOK → 780.3k NOK (+18.8% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 4 → 3. Reported fact