ADRIAN & CO AS: årsregnskap 2021 vs 2020
Shrank 62% on revenue, stronger earnings, cash halved-plus
approved 2022-08-22; registry 2022-08-30; journal 2022 909329
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADRIAN & CO AS. Revenue 480.9k NOK → 184.8k NOK (-61.6%). Net result +2.03m NOK → +11.27m NOK. Equity 69.54m NOK → 67.81m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADRIAN & CO AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +2.03m NOK → +11.27m NOK (net margin 422.6% → 6097.7%). Calculated
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Payroll decreased
Salary cost 411.5k NOK → 346.7k NOK (86% → 188% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 480.9k NOK to 184.8k NOK (-61.6% YoY). Calculated
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Operating result weakened
Operating result -463.9k NOK → -568.8k NOK (op. margin -96.5% → -307.8%). Calculated
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Equity eroded
Book equity 69.54m NOK → 67.81m NOK (equity ratio 87.8% → 88.6%). Calculated
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Cash fell
Bank deposits 13.22m NOK → 5.34m NOK (-59.6% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 14.58m NOK → 28.08m NOK. Reported fact