ADRIATIC + AS: årsregnskap 2021 vs 2020
Grew 13% on revenue, stronger earnings
approved 2022-03-23; registry 2022-03-28; journal 2022 170903
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADRIATIC + AS. Revenue 5.23m NOK → 5.92m NOK (+13.1%). Net result +423.4k NOK → +835.3k NOK. Equity -2.06m NOK → -1.22m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADRIATIC + AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.23m NOK to 5.92m NOK (+13.1% YoY). Calculated
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Operating result improved
Operating result +450.6k NOK → +838.9k NOK (op. margin 8.6% → 14.2%). Calculated
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Net result improved
Net result +423.4k NOK → +835.3k NOK (net margin 8.1% → 14.1%). Calculated
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Equity strengthened
Book equity -2.06m NOK → -1.22m NOK (equity ratio -3082.1% → -1267.5%). Calculated
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Cash rose
Bank deposits 5 487 NOK → 62.9k NOK (+1045.8% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.86m NOK → 2.09m NOK (36% → 35% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.87m NOK → 1.89m NOK (+1.3% YoY). Calculated