ADORE AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-06-30; registry 2022-07-21; journal 2022 749250
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADORE AS. Revenue 1.23m NOK → 1.29m NOK (+4.8%). Net result -24.2k NOK → -51.0k NOK. Equity 197.1k NOK → 146.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.23m NOK to 1.29m NOK (+4.8% YoY). Calculated
-
↑
Cash rose
Bank deposits 283.4k NOK → 304.7k NOK (+7.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -21.9k NOK → -70.8k NOK (op. margin -1.8% → -5.5%). Calculated
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↓
Net result weakened
Net result -24.2k NOK → -51.0k NOK (net margin -2.0% → -4.0%). Calculated
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↓
Equity eroded
Book equity 197.1k NOK → 146.2k NOK (equity ratio 23.9% → 20.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 425.7k NOK → 518.0k NOK (35% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 530.1k NOK → 538.7k NOK (+1.6% YoY). Calculated