ADWAY AS: årsregnskap 2021 vs 2020
Grew 32% on revenue, returned to profit
approved 2022-05-19; registry 2022-05-28; journal 2022 352148
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADWAY AS. Revenue 138.9k NOK → 183.2k NOK (+31.9%). Net result -1.32m NOK → +160.3k NOK. Equity -1.87m NOK → -1.71m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 138.9k NOK to 183.2k NOK (+31.9% YoY). Calculated
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Operating result improved
Operating result -1.32m NOK → +160.3k NOK (op. margin -952.4% → 87.5%). Calculated
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Turned profitable
Net result flipped from a loss of 1.32m NOK to a profit of 160.3k NOK. Calculated
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Equity strengthened
Book equity -1.87m NOK → -1.71m NOK (equity ratio -628.9% → -647.6%). Calculated
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Cash rose
Bank deposits 148.9k NOK → 263.7k NOK (+77.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -647.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact