ADRETT AS: årsregnskap 2021 vs 2020
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2022-06-02; registry 2022-07-16; journal 2022 650476
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADRETT AS. Revenue 13.35m NOK → 15.84m NOK (+18.6%). Net result +633.3k NOK → +48.5k NOK. Equity 1.09m NOK → 1.51m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.35m NOK to 15.84m NOK (+18.6% YoY). Calculated
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↑
Equity strengthened
Book equity 1.09m NOK → 1.51m NOK (equity ratio 34.9% → 37.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +827.7k NOK → +361.9k NOK (op. margin 6.2% → 2.3%). Calculated
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↓
Net result weakened
Net result +633.3k NOK → +48.5k NOK (net margin 4.7% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 927.9k NOK → 96.4k NOK (-89.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.79m NOK → 5.95m NOK (36% → 38% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.76m NOK → 6.05m NOK (+5.1% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 9 → 11. Reported fact