ADRIATIC BAR OG CATERING AS: årsregnskap 2021 vs 2020
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2021-12-31; registry 2022-05-30; journal 2022 370348
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADRIATIC BAR OG CATERING AS. Revenue 1.05m NOK → 740.3k NOK (-29.5%). Net result +69.6k NOK → -44.4k NOK. Equity 11.14m NOK → 10 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADRIATIC BAR OG CATERING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.05m NOK to 740.3k NOK (-29.5% YoY). Calculated
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Operating result weakened
Operating result +92.1k NOK → -39.0k NOK (op. margin 8.8% → -5.3%). Calculated
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Fell into a net loss
Net result flipped from 69.6k NOK profit to a loss of 44.4k NOK. Calculated
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Equity eroded
Book equity 11.14m NOK → 10 NOK (equity ratio 3366.6% → 0.0%). Calculated
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Cash fell
Bank deposits 86.8k NOK → 17.1k NOK (-80.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 61.4k NOK → 65.4k NOK. Reported fact