FirmaIQ
Org.nr 915 193 684 2020 → 2021 Year-over-year analysis

ADUND AS: årsregnskap 2021 vs 2020

Grew 13% on revenue, weaker earnings, cash halved-plus

approved 2022-06-26; registry 2022-06-28; journal 2022 539750

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADUND AS. Revenue 2.75m NOK → 3.10m NOK (+12.7%). Net result +611.1k NOK → +1 172 NOK. Equity 3.13m NOK → 2.40m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADUND AS.

At a glance

Scorecard

Revenue
2.75m NOK 3.10m NOK
+12.7%
Operating result
+774.1k NOK +994.6k NOK
+28.5%
Net result
+611.1k NOK +1 172 NOK
-99.8%
Equity
3.13m NOK 2.40m NOK
-23.3%
Cash
3.07m NOK 419.1k NOK
-86.3%
Total assets
3.77m NOK 4.39m NOK
+16.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.75m NOK to 3.10m NOK (+12.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +774.1k NOK → +994.6k NOK (op. margin 28.1% → 32.1%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +611.1k NOK → +1 172 NOK (net margin 22.2% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 3.13m NOK → 2.40m NOK (equity ratio 83.0% → 54.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.07m NOK → 419.1k NOK (-86.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.07m NOK → 419.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 876.2k NOK → 920.5k NOK (32% → 30% of revenue). Calculated