FirmaIQ
Org.nr 998 779 561 2020 → 2021 Year-over-year analysis

ADRIAN MEDICAL AS: årsregnskap 2021 vs 2020

Shrank 8% on revenue

approved 2022-06-27; registry 2022-07-20; journal 2022 744284

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADRIAN MEDICAL AS. Revenue 2.35m NOK → 2.17m NOK (-7.5%). Net result +783.6k NOK → +796.2k NOK. Equity 2.38m NOK → 2.67m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADRIAN MEDICAL AS.

At a glance

Scorecard

Revenue
2.35m NOK 2.17m NOK
-7.5%
Operating result
+517.3k NOK +1.02m NOK
+97.3%
Net result
+783.6k NOK +796.2k NOK
+1.6%
Equity
2.38m NOK 2.67m NOK
+12.5%
Cash
34.1k NOK 269.5k NOK
+690.3%
Total assets
2.71m NOK 3.47m NOK
+28.0%

What improved

  • ↑

    Operating result improved

    Operating result +517.3k NOK → +1.02m NOK (op. margin 22.0% → 47.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.38m NOK → 2.67m NOK (equity ratio 87.7% → 77.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 34.1k NOK → 269.5k NOK (+690.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.35m NOK to 2.17m NOK (-7.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 5.44× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 400.0k NOK → 2 NOK. Reported fact