ADUNDAS DESIGN AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-05; journal 2022 618650
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADUNDAS DESIGN AS. Revenue 1.47m NOK → 1.85m NOK (+26.4%). Net result +575.9k NOK → +170.1k NOK. Equity 115.5k NOK → 285.6k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.47m NOK to 1.85m NOK (+26.4% YoY). Calculated
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↑
Equity strengthened
Book equity 115.5k NOK → 285.6k NOK (equity ratio 17.1% → 33.6%). Calculated
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↑
Payroll decreased
Salary cost 3.34m NOK → 1.27m NOK (228% → 68% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +746.6k NOK → +223.0k NOK (op. margin 50.9% → 12.0%). Calculated
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↓
Net result weakened
Net result +575.9k NOK → +170.1k NOK (net margin 39.3% → 9.2%). Calculated
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↓
Cash fell
Bank deposits 96.9k NOK → 2 387 NOK (-97.5% YoY). Calculated