ADORACION AS: årsregnskap 2021 vs 2020
Shrank 46% on revenue, stronger earnings
approved 2022-06-30; registry 2022-07-18; journal 2022 727074
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADORACION AS. Revenue 190.0k NOK → 101.7k NOK (-46.5%). Net result -104.2k NOK → -10.4k NOK. Equity 56.0k NOK → 45.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -103.9k NOK → -9 958 NOK (op. margin -54.7% → -9.8%). Calculated
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↑
Net result improved
Net result -104.2k NOK → -10.4k NOK (net margin -54.9% → -10.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 190.0k NOK to 101.7k NOK (-46.5% YoY). Calculated
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↓
Equity eroded
Book equity 56.0k NOK → 45.6k NOK (equity ratio 70.9% → 110.9%). Calculated
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↓
Cash fell
Bank deposits 78.9k NOK → 41.1k NOK (-47.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.44× → -9.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost -14.1k NOK → 10 NOK (-7% → 0% of revenue). Calculated