FirmaIQ
Org.nr 986 941 266 2020 → 2021 Year-over-year analysis

ADP AS: årsregnskap 2021 vs 2020

Shrank 46% on revenue, slipped into loss

approved 2022-05-06; registry 2022-05-31; journal 2022 294338

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADP AS. Revenue 15.16m NOK → 8.24m NOK (-45.6%). Net result +983.5k NOK → -50.1k NOK. Equity 494.7k NOK → 1.44m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADP AS.

At a glance

Scorecard

Revenue
15.16m NOK 8.24m NOK
-45.6%
Operating result
+1.33m NOK -36.7k NOK
-102.8%
Net result
+983.5k NOK -50.1k NOK
-105.1%
Equity
494.7k NOK 1.44m NOK
+192.0%
Cash
117.7k NOK 2.28m NOK
+1840.6%
Total assets
2.29m NOK 2.84m NOK
+24.4%

What improved

  • ↑

    Equity strengthened

    Book equity 494.7k NOK → 1.44m NOK (equity ratio 21.6% → 50.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 117.7k NOK → 2.28m NOK (+1840.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.73m NOK → 2.54m NOK (18% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.16m NOK to 8.24m NOK (-45.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.33m NOK → -36.7k NOK (op. margin 8.8% → -0.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 983.5k NOK profit to a loss of 50.1k NOK. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.19m NOK → 4.60m NOK (-50.0% YoY). Calculated