FirmaIQ
Org.nr 982 713 862 2020 → 2021 Year-over-year analysis

ADRENALIN AS: årsregnskap 2021 vs 2020

Grew 511% on revenue, stronger earnings

approved 2022-06-27; registry 2022-07-05; journal 2022 573286

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADRENALIN AS. Revenue 8.33m NOK → 50.84m NOK (+510.7%). Net result +375.1k NOK → +37.32m NOK. Equity 17.55m NOK → 7.53m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADRENALIN AS.

At a glance

Scorecard

Revenue
8.33m NOK 50.84m NOK
+510.7%
Operating result
+220.2k NOK +48.46m NOK
+21909.6%
Net result
+375.1k NOK +37.32m NOK
+9850.8%
Equity
17.55m NOK 7.53m NOK
-57.1%
Cash
3.65m NOK 38.82m NOK
+962.2%
Total assets
19.29m NOK 45.35m NOK
+135.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.33m NOK to 50.84m NOK (+510.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +220.2k NOK → +48.46m NOK (op. margin 2.6% → 95.3%). Calculated

  • ↑

    Net result improved

    Net result +375.1k NOK → +37.32m NOK (net margin 4.5% → 73.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.65m NOK → 38.82m NOK (+962.2% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 17.55m NOK → 7.53m NOK (equity ratio 91.0% → 16.6%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.66m NOK → 1.93m NOK (20% → 4% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.46m NOK → 1.02m NOK. Reported fact