ADWANS AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-07-11; registry 2022-07-20; journal 2022 745436
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADWANS AS. Revenue 505.8k NOK → 510.6k NOK (+0.9%). Net result +217.4k NOK → +125.2k NOK. Equity -372.4k NOK → -247.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADWANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 505.8k NOK to 510.6k NOK (+0.9% YoY). Calculated
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↑
Equity strengthened
Book equity -372.4k NOK → -247.3k NOK (equity ratio -492.3% → -222.0%). Calculated
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↑
Cash rose
Bank deposits 75.6k NOK → 111.4k NOK (+47.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +217.3k NOK → +125.1k NOK (op. margin 43.0% → 24.5%). Calculated
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↓
Net result weakened
Net result +217.4k NOK → +125.2k NOK (net margin 43.0% → 24.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 33.9k NOK → 75.7k NOK (7% → 15% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 31.2k NOK → 1 487 NOK (-95.2% YoY). Calculated