ADWIST BYGG AS: årsregnskap 2021 vs 2020
Grew 22% on revenue, weaker earnings, cash halved-plus
approved 2022-06-01; registry 2022-07-18; journal 2022 724902
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADWIST BYGG AS. Revenue 2.56m NOK → 3.13m NOK (+22.4%). Net result -39.2k NOK → -121.0k NOK. Equity -94.8k NOK → -215.8k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADWIST BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.56m NOK to 3.13m NOK (+22.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.64m NOK → 1.55m NOK (64% → 49% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -35.4k NOK → -120.0k NOK (op. margin -1.4% → -3.8%). Calculated
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↓
Net result weakened
Net result -39.2k NOK → -121.0k NOK (net margin -1.5% → -3.9%). Calculated
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↓
Equity eroded
Book equity -94.8k NOK → -215.8k NOK (equity ratio -19.9% → -34.7%). Calculated
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↓
Cash fell
Bank deposits 248.8k NOK → 53.7k NOK (-78.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 615.8k NOK → 301.0k NOK (-51.1% YoY). Calculated