ADROMEDA AS: årsregnskap 2021 vs 2020
Grew 148% on revenue, stronger earnings, cash halved-plus
approved 2022-06-08; registry 2022-06-15; journal 2022 456471
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADROMEDA AS. Revenue 2 936 NOK → 7 288 NOK (+148.2%). Net result -4.08m NOK → -332.7k NOK. Equity -6.78m NOK → -7.11m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADROMEDA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 936 NOK to 7 288 NOK (+148.2% YoY). Calculated
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↑
Operating result improved
Operating result -19.6k NOK → -15.2k NOK (op. margin -667.9% → -208.7%). Calculated
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↑
Net result improved
Net result -4.08m NOK → -332.7k NOK (net margin -138887.4% → -4565.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -6.78m NOK → -7.11m NOK (equity ratio -704.8% → -2334.1%). Calculated
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↓
Cash fell
Bank deposits 800.1k NOK → 143.0k NOK (-82.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2334.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation