FirmaIQ
Org.nr 921 486 928 2020 → 2021 Year-over-year analysis

ADWATER AS: årsregnskap 2021 vs 2020

Grew 6% on revenue, returned to profit

approved 2022-06-30; registry 2022-07-04; journal 2022 606840

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADWATER AS. Revenue 705.6k NOK → 747.1k NOK (+5.9%). Net result -97.9k NOK → +151.4k NOK. Equity 36.5k NOK → 8.19m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADWATER AS.

At a glance

Scorecard

Revenue
705.6k NOK 747.1k NOK
+5.9%
Operating result
-91.9k NOK +141.3k NOK
+253.8%
Net result
-97.9k NOK +151.4k NOK
+254.6%
Equity
36.5k NOK 8.19m NOK
+22325.3%
Cash
26.8k NOK 105.4k NOK
+292.8%
Total assets
215.4k NOK 316.8k NOK
+47.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 705.6k NOK to 747.1k NOK (+5.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -91.9k NOK → +141.3k NOK (op. margin -13.0% → 18.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 97.9k NOK to a profit of 151.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 36.5k NOK → 8.19m NOK (equity ratio 17.0% → 2584.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 26.8k NOK → 105.4k NOK (+292.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 581.9k NOK → 253.8k NOK (-56.4% YoY). Calculated