ADSERØ BIL AS: årsregnskap 2021 vs 2020
Shrank 21% on revenue, weaker earnings
approved 2022-06-23; registry 2022-07-04; journal 2022 559914
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADSERØ BIL AS. Revenue 141.44m NOK → 112.14m NOK (-20.7%). Net result +5.29m NOK → +3.00m NOK. Equity 10.55m NOK → 12.22m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADSERØ BIL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +39.0k NOK → +4.09m NOK (op. margin 0.0% → 3.6%). Calculated
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↑
Equity strengthened
Book equity 10.55m NOK → 12.22m NOK (equity ratio 57.9% → 64.0%). Calculated
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↑
Cash rose
Bank deposits 946.5k NOK → 3.49m NOK (+269.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.79m NOK → 3.63m NOK (3% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 141.44m NOK to 112.14m NOK (-20.7% YoY). Calculated
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↓
Net result weakened
Net result +5.29m NOK → +3.00m NOK (net margin 3.7% → 2.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.13bn NOK → 2.10bn NOK (-1.2% YoY). Calculated