ADRASTEIA AS: årsregnskap 2021 vs 2020
Shrank 52% on revenue, returned to profit, cash halved-plus
approved 2023-07-31; registry 2023-08-02; journal 2023 697469
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADRASTEIA AS. Revenue 120.8k NOK → 57.5k NOK (-52.4%). Net result -32.9k NOK → +3 839 NOK. Equity 30.0k NOK → 19.1k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADRASTEIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -33.0k NOK → +5 209 NOK (op. margin -27.3% → 9.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 32.9k NOK to a profit of 3 839 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 120.8k NOK to 57.5k NOK (-52.4% YoY). Calculated
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↓
Equity eroded
Book equity 30.0k NOK → 19.1k NOK (equity ratio 27.3% → 53.8%). Calculated
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↓
Cash fell
Bank deposits 109.6k NOK → 35.5k NOK (-67.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 60.8k NOK → 32.7k NOK (-46.2% YoY). Calculated