ADSEO AS: årsregnskap 2021 vs 2020
Grew 4852% on revenue, returned to profit
approved 2022-06-23; registry 2022-06-29; journal 2022 531538
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADSEO AS. Revenue 293.9k NOK → 14.56m NOK (+4852.2%). Net result -156.2k NOK → +97.7k NOK. Equity 4.20m NOK → 297.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADSEO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 293.9k NOK to 14.56m NOK (+4852.2% YoY). Calculated
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↑
Operating result improved
Operating result -144.1k NOK → +98.6k NOK (op. margin -49.0% → 0.7%). Calculated
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Turned profitable
Net result flipped from a loss of 156.2k NOK to a profit of 97.7k NOK. Calculated
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Cash rose
Bank deposits 590 NOK → 375.3k NOK (+63510.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.20m NOK → 297.2k NOK (equity ratio 1030.4% → 10.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.96× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.27m NOK → 4.93m NOK (771% → 34% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.44m NOK → 7.81m NOK (+127.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 105.0k NOK → 229.6k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 5 → 9. Reported fact