ADSFUNNELS AS: årsregnskap 2021 vs 2020
Grew 266% on revenue
registry 2022-07-23; journal 2022 763894
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADSFUNNELS AS. Revenue 1.02m NOK → 3.75m NOK (+266.3%). Net result +408.0k NOK → +411.4k NOK. Equity 11.19m NOK → -80.2k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADSFUNNELS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.02m NOK to 3.75m NOK (+266.3% YoY). Calculated
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Operating result improved
Operating result +507.1k NOK → +682.2k NOK (op. margin 49.6% → 18.2%). Calculated
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Cash rose
Bank deposits 215.5k NOK → 417.8k NOK (+93.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.19m NOK → -80.2k NOK (equity ratio 3643.6% → -14.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.59× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -14.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 077 NOK → 3.00m NOK (0% → 80% of revenue). Calculated
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COGS fell
COGS / varekostnad 286.8k NOK → 99.7k NOK (-65.2% YoY). Calculated