ADORA AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings
approved 2022-06-28; registry 2022-07-04; journal 2022 596847
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADORA AS. Revenue 173.2k NOK → 173 NOK (-99.9%). Net result +38.8k NOK → +1.73m NOK. Equity 149.3k NOK → 884.2k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADORA AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +38.8k NOK → +1.73m NOK (net margin 22.4% → 1002833.5%). Calculated
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Equity strengthened
Book equity 149.3k NOK → 884.2k NOK (equity ratio 28.3% → 639.4%). Calculated
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Cash rose
Bank deposits 128.2k NOK → 856.4k NOK (+568.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.34× → 3.44×. Calculated
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Payroll decreased
Salary cost 129.9k NOK → 305 NOK (75% → 176% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 173.2k NOK to 173 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +38.8k NOK → -9 161 NOK (op. margin 22.4% → -5295.4%). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 400.0k NOK → 265.5k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 0.16 → 0. Reported fact